Amended and Restated SELECTED DEALER AGREEMENT

Exhibit 99.h(2)(iii)

▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated

▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇

Amended and Restated
SELECTED DEALER AGREEMENT

Ladies and Gentlemen:

You have invited us to become a selected dealer to distribute shares of the open-end investment companies listed on Part 1 of Schedule A hereto (“Open-end Funds”) and shares of the closed-end investment companies listed on Part 2 of Schedule A hereto (“Closed-end Funds”), as amended from time to time in accordance with paragraph 10 (d) hereunder (hereinafter collectively referred to as the “Funds” or, individually, as the “Fund”), for which you are the principal underwriter and distributor on the following terms:

1.             Purchases of Fund Shares for Sale to Customers

(a)           We agree that all purchases by us from you shall be made only to cover orders received by us from our customers, or for our own bona fide investment. We shall not effect any transactions in any shares registered in the name of, or beneficially owned by, any customer unless such customer has granted us full right, power and authority to effect such transaction on his behalf.

(b)           We agree to sell shares of the Funds to our customers subject to minimum investment requirements applicable to each order and at the applicable public offering price described in the prospectus and statement of

additional information of such Fund in effect on the date of the sale (the prospectus and statement of additional information as of any such sale date or of any applicable redemption or repurchase date being sometimes referred to together herein as the “then current prospectus”), provided, however, that it is understood that we assume no responsibility or liability for the determination of such price.

(c)           We shall not withhold placing orders received from our customers so as to profit ourself as a result of such withholding (e.g., by a change in the net asset value from that used in determining the public offering price to our customers).

(d)           We understand that all orders are subject to acceptance or rejection by you or the Fund in the sole discretion of either. No conditional order will be accepted by the Fund on any basis other than a definite price. The handling of orders by the parties shall be subject to such procedures as may be mutually agreed upon from time to time.

(e)           With respect to the Closed-end Funds, in the event we transmit indications of interest to you for accumulation prior to the effective date of the Fund’s registration statement (the “Effective Date”), we will be responsible for confirming such indications of interest with our customers following the Effective Date. Indications of interest with respect to shares transmitted to you prior to the Effective Date will be conditioned upon the occurrence of the

2

Effective Date and the registration or qualification of the shares in the respective state.

(f)            No Closed-end Fund will issue fractional shares.

(g)           You may, in your sole discretion, allocate shares of any Closed-end Fund among brokers and dealers participating in the Initial Offering Period or among brokers, dealers and banks in the Continuing Offering Period, as the case may be, on other than a pro rata basis, which may result in certain brokers, dealers and banks not being allocated the full amount of shares sold by them while certain other brokers, dealers and banks may receive their full allocation.

(h)           We agree that with respect to orders for shares of any Closed-end Fund, we will transmit such orders received during the Initial Offering Period to you within the time period as specified in the Prospectus of the Fund involved (or in the time period as extended by you in writing). We also agree to transmit any customer order received during the Continuous Offering Period to you prior to the time that the public offering price for such Fund is next determined after our receipt of such order as set forth in the Fund’s Prospectus. There is no assurance that a Fund will engage in a continuous offering of shares.

(i)            During the Initial Offering Period and any Continuous Offering Period for any Closed-end Fund, we agree to supply you, not less frequently than once a week by Friday, 5:00 p.m. Eastern Time, during such Fund’s Initial Offering Period, a list setting forth by state and in the aggregate all indications of interest and, during any Continuous Offering Period, orders for shares received

3

by us for such Fund during such week (or lesser period of time), and a list setting forth by name and location each registered representative making said sales and indicating the amount of all sales or offers per Fund to date.

(j)            Payment for Fund shares purchased by us shall be made on the settlement date specified in your confirmation by New York Clearing House Funds or by Federal Funds wire or any same day funds. If such payment is not received by you, you reserve the right, without notice, either to cancel the sale, or, at your option, to sell the shares ordered back to such Fund, and in either case, you may hold us responsible for any direct loss suffered by you or by such Fund resulting from our failure to make payment as aforesaid.

2.             Selling Procedures/Sales Materials

(a)           “Sales Material,” as used herein, shall include, without limitation, promotional materials, sales literature, advertisements, press releases, announcements, circulars, research reports, market letters, performance reports or summaries, form letters, posters, signs and other similar materials, whether in print, hypertext, video, audio or other media, and any items derived from the foregoing, and including sales materials intended for wholesale use (i.e., broker/dealer use only) or retail use.

(b)           We shall not make any representation concerning the Funds or their securities except those contained in the then current prospectus or any Sales Materials furnished by you relating to the Funds. (We assume no responsibility or liability for representations contained in any of such documents.) You agree

4

to notify us in writing at the address specified in paragraph (c) of any change to the prospectus or statement of additional information of each Fund, specifying such change, at least 10 days before making such change, provided that if such notice is not reasonably practicable, you may provide us with the required notice within such other period as is reasonable under the circumstances, but, in any event, not later than concurrently with such change.

(c)          You agree to supply to us at your expense additional copies of the prospectus, statement of additional information, shareholder materials, periodic reports and proxy statements for each of the Funds and any printed supplemental material in reasonable quantities upon request. We agree to deliver copies of the above materials to customers and potential customers in accordance with applicable law and the rules of the Securities and Exchange Commission (“SEC”). Further, you agree to provide to our Mutual Funds Marketing Department (the “Marketing Department”) copies of the most recent amended or supplemented prospectus and statement of additional information of each Fund, and such other SEC filing as we may request, in reasonable quantities upon our request. Such materials shall be mailed to us at ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mutual Funds Marketing, Attention; Mutual Funds Administration, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇.

(d)           You agree not to distribute any Sales Materials (other than copies of the then current prospectus) to any of our employees or sales offices unless the distribution of such materials has been approved in writing by our Marketing

5

Department in accordance with written procedures (as amended from time to time) distributed by the Marketing Department. In approving such materials for distribution within our offices or through our sales offices to our customers, we assume no responsibility or liability for the representations or any omissions contained in any Sales Materials nor for representations or any omissions contained in the prospectus or statement of additional information relating to the Fund.

(e)           With the exception of (i) listings of product offerings; (ii) materials in the public domain (e.g., magazine articles and trade publications); and (iii) materials used by us on an internal basis only, we agree not to furnish or cause to be furnished to any third parties or to display publicly or publish any Sales Materials, except such Sales Materials relating to the Fund as may be distributed to us by you or approved for distribution by you upon our request.

(f)            With respect to Funds offering multiple classes of shares subject to differing sales charges, we have established compliance procedures designed to ensure that our customers are aware of the available methods of mutual fund financing and to ensure proper supervision of mutual fund recommendations.

(g)           We agree that we shall not offer or sell shares of a Fund except in compliance with all applicable federal and state securities laws and the rules and regulations of applicable regulatory agencies or authorities.

6

3.             Redemption/Repurchase/Transfer of Fund Shares and Exchanges

(a)           If we purchase shares from our customers for redemption by the Fund or repurchase by you, we agree to pay such customers not less than the applicable redemption price (i.e., the currently quoted net asset value minus any applicable sales charges or redemption fees) determined as set forth in the then current prospectus of the Fund, provided, however, that it is understood that we assume no responsibility or liability for the determination of such price.

(b)           We shall not withhold placing redemption or repurchase orders received from our customers so as to profit ourself as a result of such withholding (e.g., by a change in the net asset value from that used in determining the public offering price to our customers).

(c)           Redemption and repurchase orders are subject to such procedures as are set forth in the current prospectus, provided that any order placed by us regarding the redemption or repurchase of Fund shares is subject to timely receipt by you or the Fund’s transfer agent of all required documents.

(d)           It is understood that shares of Closed-end Funds will not be repurchased by either the Fund involved or you, and that no secondary market for any shares exists currently, or is expected to develop. While a Closed-End Fund may from time to time conduct tender offers to repurchase shares as set forth in its Prospectus, such Fund may not repurchase all or any of the shares that a shareholder tenders. Accordingly investment in such Fund’s shares would be considered illiquid. ANY REPRESENTATION AS TO A TENDER OFFER BY

7

SUCH FUND, OTHER THAN THAT WHICH IS SET FORTH IN THE FUND’S THEN CURRENT PROSPECTUS, IS EXPRESSLY PROHIBITED.

(e)           Where shares of a Fund are held in the name of our customer directly at the Fund’s transfer agent with us listed as the broker-dealer of record, and the customer requests that such shares be transferred to the name of ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated (“▇▇▇▇▇▇▇ ▇▇▇▇▇”) as nominee, you undertake to provide to us as soon as is practicable the account history in connection with processing a transfer request. Following a period of five days after we request such information pursuant to this subparagraph, you agree to pay a fee of $5 per order for each information request that is outstanding for the next 30 days or less. For information requests outstanding after the expiration of 30 days following the initial five day period, you agree to pay an additional monthly fee of $20 per order for every additional 30 days that such information request remains outstanding. Such fee will be payable to us upon your receipt of our ▇▇▇▇ related thereto.

(f)            Exchanges of shares between Funds will be effected in the manner and subject to the restrictions and charges described in the then current prospectuses of the relevant Funds. The handling of exchanges will be further subject to such other procedures as may be mutually agreed upon from time to time.

8

4.             Pricing Errors

You agree to notify us promptly whenever an error is made in the pricing of shares of a Fund and to indemnify us and hold us harmless against any and all losses, claims, damages, liabilities or expenses (including, but not limited to, any losses suffered by our clients and any additional costs and expenses related to the price correction, such as research costs, expenses related to developing computer software specifically for the price correction, processing overtime and notices to customers) to which we may become subject insofar as any such loss, claim, damage, liability or expense arises out of or is based on any error or alleged error made in the pricing of shares of a Fund. Payment shall be made by you promptly upon receipt of a ▇▇▇▇ from us stating the costs of the price correction and the expenses related thereto.

5.             Compensation

(a)           We understand that you will compensate us only in the case of purchases made for our customers, and then only where (i) an order for the purchase of securities is obtained by a registered representative in the employ of ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., Inc. (“ML & Co.”) or a direct or indirect subsidiary or other affiliate thereof and remitted to you promptly by us; (ii) a subsequent investment is made to an account established by registered representative of ML & Co. or other affiliate thereof; (iii) a subsequent investment is made to an account established by a broker-dealer other than us and is accompanied by a signed request from the account shareholder that a registered representative in the

9

employ of ML & Co. or a direct or indirect subsidiary or other affiliate thereof receive the commission for that investment and/or for subsequent investment made in such account; or (iv) shares of a Fund are held by a customer directly at the Fund’s transfer agent where we are listed as the broker-dealer of record.

(b)           We understand and agree that the applicable sales charge (whether assessed on a front-end or deferred basis) and the dealer concession payable to us for the sale of each class of shares of each Fund will be in an amount as set forth in the then current prospectus of the Fund or, in the alternative, as set forth in Schedule B hereto, as amended from time to time by mutual agreement of the parties. The parties agree that the applicable sales charge and dealer concession for any Fund added by amendment to this Agreement shall be the sales charge and dealer concession as set forth in the then current prospectus of such Fund or, in the alternative, as set forth in an amendment to Schedule B.

(c)           We understand and agree that in accordance with paragraph (b), shares may be purchased by our customers pursuant to a right of accumulation, a letter of intention, or other circumstance permitting a reduction or waiver of any applicable sales charge or dealer concession; however, if our customer fails to fulfill a letter of intention, you will pay us the amount required to reflect the appropriate concession based on actual purchases made by the customer. We agree to advise you of any letter of intention executed by our customers or any available right of accumulation in accordance with applicable procedures.

10

(d)                                 In the case of any sale of shares of a Fund for which a front-end sales charge is waived because of the size of the purchase, you agree to pay to us a “finder’s fee” in such amount as set forth in the then current prospectus of the Fund or as agreed upon by us in Schedule B. Such fee will be payable on the date of settlement of any such sale of shares of each Fund, provided, however, that in an event the amount of the fee is subject to incremental changes based upon the dollar amount of the aggregate sales, you shall use you best efforts to pay such finder’s fee as soon as possible but in no event later than five weeks after the date of settlement of such sale.

(e)                                  Certain of the Funds have adopted or may, in the future, adopt a plan (the “Plan”) pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the “1940 Act”) or that provide for the servicing of shareholder accounts. To the extent we provide services under the terms of the Plan in connection with the sale of a Fund’s shares or servicing of the accounts of our customers, you shall pay us a fee upon the terms and conditions as set forth in the Plan and in the then current prospectus of such Fund or, in the alternative, as set forth in Schedule C hereto. We expressly acknowledge and understand that there is no Rule 12b-1 Plan for any Closed-end Fund.

(f)                                    In addition to the fees discussed above and notwithstanding any termination of a Plan as described in paragraph (e), you shall pay us a fee as set forth in Schedule D hereto in exchange for which we will provide the services listed in Schedule D. Paragraphs (a) through (f) shall survive the termination of

11

this Agreement for sales that occur before such termination and for sales with respect to which 12b-1 fees continue to apply and payment due under Schedule D.

6.                                      NASD Membership

(a)                                  You and we are registered and/or licensed as a broker and/or dealer under the federal and applicable state laws. You and we represent and warrant to each other that you and we are each members of the National Association of Securities Dealers, Inc. (the “NASD”).

(b)                                 Each of us agrees to notify the other immediately if we cease to be registered or licensed as a broker or dealer or fail to be a member in good standing of the NASD.

(c)                                  You and we agree to abide by the rules and regulations of the NASD, including, without limitation, Rule 2830 of the NASD Conduct Rules.

7.                                      Compliance with Regulatory Requirements

You represent and warrant to us the following:

(a)                                  Each Fund has filed a registration statement (a “Registration Statement”) with the SEC relating to its shares under the Securities Act of 1933 (the “1933 Act”) on either Form N-1A or Form N-2, including a prospectus and a statement of additional information. The Registration Statement (including the prospectus and the statement of additional information) conforms in all respects to the requirements of the 1933 Act, the 1940 Act and the rules thereunder.

12

(b)                                 To the extent required by law, each Fund is registered and its shares are qualified for sale in all states and other jurisdictions in the United States unless we are notified in writing to the contrary. We may rely solely on such representation in selling the shares, but you assume no responsibility or obligation as to our right as a broker-dealer to sell shares of the Funds in any state or jurisdiction.

(c)                                  The then current prospectus for each of the Funds contains such disclosure with respect to fees paid and charges imposed in connection with the sale of the Fund shares as is necessary to comply with the rules and regulations of the NASD, including, without limitation, disclosure of all compensation of the type described in paragraph 5 hereof as required by Rule 2830 of the NASD Conduct Rules. Such fees and charges will be in compliance with the rules and regulations of the NASD, including, without limitation, Rule 2830 of the NASD Conduct Rules.

(d)                                 Each investment adviser of each Fund is registered as an investment adviser under the Investment Advisers Act of 1940 and in any state where registration is required.

(e)                                  The Registration Statement (including the prospectus and statement of additional information) and any Sales Materials relating to the Fund provided by you to us do not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the

13

statements therein, in light of the circumstances in which they were made, not misleading.

(f)                                    All Sales Materials will comply in all material respects with the rules and regulations of the SEC, the NASD and any states having such rules and regulations and will be filed with the NASD or SEC and the relevant states as required by the rules and regulations of the NASD, the SEC and such states, respectively.

(g)                                 The foregoing representations and warranties will be true and correct at all times during the term of this Agreement (with references to the Registration Statement being deemed to refer to the Registration Statement in effect at the time such reference is made and to the then current prospectus of the Fund).

14

8.                                      Indemnification

(a)                                  You agree to indemnify us (for the purposes of this Section 8, “us” and “we” shall mean ▇▇▇▇▇▇▇ ▇▇▇▇▇, the officers, directors and employees of ▇▇▇▇▇▇▇ ▇▇▇▇▇, and any person who is or may be deemed to be a controlling person of ▇▇▇▇▇▇▇ ▇▇▇▇▇) and hold us harmless against any and all losses, claims, damages, liabilities or expenses (including the reasonable costs of investigation and attorney’s fees and expenses as such expenses are incurred by us in any action or proceeding between the parties hereto or between us and any third party) to which we may become subject under the 1933 Act, the 1940 Act, or otherwise, insofar as any such loss, claim, damage, liability or expense (or actions with respect thereto) arises out of or is based on any untrue statement of a material fact or alleged untrue statement of a material fact contained in any Registration Statement of any Fund (including any prospectus or statement of additional information which is part of any such Registration Statement) or any amendment or supplement thereto or in any Sales Material relating to a Fund provided to us by you (whether or not we have approved the use of such Sales Materials), or arises out of or is based on the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading. This indemnity agreement will be in addition to any liability which you may otherwise have. No indemnity by you hereunder shall apply in respect of any prospectus, statement of additional information or Sales Materials used at a time not authorized under the 1933 Act or the

15

regulations adopted thereunder, provided that you have informed us in, writing that there is no such authorization.

(b)                                 If we seek indemnity under this Section we shall, promptly after receipt of notice of commencement of any action, suit or proceeding against us, give written notice of the commencement of such action, suit or proceeding to you, but the omission so to notify you shall not relieve you from any such obligation of indemnification you may otherwise have hereunder except to the extent of any damages resulting from such failure. In case such notice of any such action shall be so given, you shall be entitled to participate at your own expense in the defense, or, if you so elect, to assume the defense of such action, in which event such defense shall be conducted by counsel (reasonably satisfactory to us) chosen by you; provided, however, that you shall not have the right to assume the defense of any action in which the named parties (including any implied parties) include both you and us and in which counsel to either of us has advised that there may be legal defenses available to us which are different from or in addition to those available to you. If you do not elect to assume the defense of such action and in cases where separate counsel is retained because of the availability of different defenses, you will reimburse us for the reasonable fees and expenses of any counsel retained by us. Payment (other than the reimbursement of our legal and other related fees and expenses, which will be payable to us upon your receipt of our ▇▇▇▇ related thereto) shall be made upon any final determination of liability resulting from such claim or misstatement or

16

omission by a court, panel of arbitrators, administrative agency or self-regulatory organization, or upon any settlement of any dispute, the subject of which involves such a claim. No action for which indemnification is sought by us under this Section shall be settled without your prior written consent nor shall any settlement be agreed to by you unless such settlement contains a complete release of us with respect to such claims. In any action in which you have elected to assume the defense, we shall bear the fees and expenses of any additional counsel we retain, unless either of us has retained separate counsel because there are legal defenses available to one of us which are different from or in addition to those available to the other of us, in which case you shall bear the fees and expenses of our counsel as well.

(c)                                  This Section 8 shall survive the termination of this Agreement.

9.                                      Termination

Either party hereto may cancel this Agreement upon 30 days’ prior written notice to the other. This Agreement may be amended upon the mutual written agreement of the parties hereto. This Agreement shall be in substitution of any prior agreement between us regarding the distribution of these shares.

10.                               Miscellaneous

(a)                                  We understand and agree that we are acting as principal under this Agreement, and that we are in no way responsible for the manner of your performance or for any of your acts or omissions in connection therewith. In no transaction involving shares of a Fund shall we have any authority to act as an

17

agent for the Fund or for you. Nothing shall constitute us as a syndicate, association, joint venture, partnership, unincorporated business, or other separate entity or otherwise partners with you.

(b)                                 Each Fund reserves the right in its discretion and you reserve the right, in your discretion and without notice to us, subject to applicable law, to suspend sales or redemptions or to withdraw the offering of shares of the Fund.

(c)                                  All communication shall be sent to us at our offices at ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mutual Funds Marketing, Attention: Mutual Funds Administration, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ and to you at the address you have provided at the end of this Agreement. Notice shall be deemed to have been given on the date it was either delivered personally to the other party or any officer or member thereof or was either received by express delivery or telecopy (with receipt) by the other party at his or her address specified in this Agreement. A copy of all notices to you under this Agreement shall also be sent simultaneously to BlackRock Advisors, Inc. at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇.▇. ▇▇▇▇▇; Attn: ▇▇▇▇ ▇▇▇▇▇▇▇▇ by one or more of the means described above. Either party may change the address to which communications to it shall be sent by giving notice thereof in accordance with this provision.

(d)                                 We may amend this Agreement unilaterally, at any time and from time to time, to add additional Fund(s) to Schedule A hereof by delivery to you of a new or amended Schedule A containing the names of the additional Fund(s). Each of us hereby agrees that any such amendment will not be required to be

18

signed by you but only by us. However, such amendment shall only become effective and part of this Agreement and be deemed binding upon the first sale by us of any shares of such additional Fund.

(e)                                  This Agreement shall become effective as of the date when it is executed and dated by you below. This Agreement shall be governed by the laws of the State of New York.

19

(f)                                    If a dispute arises between us and you with respect to this Agreement which the parties are unable to resolve themselves, it shall be settled by arbitration in accordance with the then existing NASD Code of Arbitration Procedure (the “NASD Code”). The parties agree, that to the extent permitted by the NASD Code, the arbitrator(s) shall be selected from the securities industry.

Originally Executed: May 28, 1996

Amended and Restated: December 1, 2000

20

AMENDMENT TO AMENDED AND RESTATED SELECTED DEALER AGREEMENT

THIS AMENDMENT (this “Amendment”) by and between ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated (“▇▇▇▇▇▇▇ ▇▇▇▇▇”) and BlackRock Distributors, Inc. (“BDI”) is made to that certain Amended and Restated Selected Dealer Agreement dated December 1, 2000 by and between ▇▇▇▇▇▇▇ ▇▇▇▇▇ and BDI (the “Agreement”), and effective as of the close of business on September 29, 2006

W I T N E S S E T H:

WHEREAS, ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., Inc. (“ML & Co.”), BlackRock, Inc. (“Old BlackRock”), New BlackRock, Inc. (“BlackRock”) and a “BlackRock Merger Sub” entered into a Transaction Agreement and Plan of Merger, dated as of February 15, 2006, pursuant to which Old BlackRock would become a wholly owned Subsidiary of BlackRock and ▇▇▇▇▇▇▇ ▇▇▇▇▇ would sell to BlackRock certain asset management businesses currently operated as ▇▇▇▇▇▇▇ ▇▇▇▇▇ Investment Managers (“MLIM”) in exchange for shares of common stock and preferred stock of BlackRock (collectively, the “Transaction”);

WHEREAS, in connection with the Transaction, BlackRock and ML&Co. (the “GDA Parties”) intend to enter in a Global Distribution Agreement that provides for economic terms between GDA Parties to remain the same as those in effect on the date of the Transaction Agreement with respect to each Covered Product (as defined in the Transaction Agreement) and that the economic terms between the GDA Parties with respect to each other Covered Product in effect on the date of the GDA shall remain the same as those in effect on the date of the GDA;

WHEREAS, the GDA provides that the GDA Parties will cause their respective controlled affiliates to entered into as of the date of the closing of the Transaction appropriate agreements to implement the terms of the GDA, and accordingly, ▇▇▇▇▇▇▇ ▇▇▇▇▇ and BlackRock Advisors, LLC intend to enter into a Platform Infrastructure, Marketing Services and Support Agreement to evidence arrangements with respect to certain services provided by ▇▇▇▇▇▇▇ ▇▇▇▇▇ that are in part covered by Schedule D of the Agreement; and

WHEREAS, the parties hereto desire to amend the Agreement so as to avoid any confusion as the fees applicable for the services provided by ▇▇▇▇▇▇▇ ▇▇▇▇▇;

NOW, THEREFORE, in consideration of the forgoing premises and mutual covenants, agreements and promises contained in this Amendment, the parties hereto, intending to be legally bound, agree as follows:

1.                                       Amendment to the Agreement. The Agreement is hereby amended to remove Schedule D thereto.

2.                                       Governing Law. This Amendment shall be governed by the laws of the State of New York, without giving effect to conflict of law provisions.

3.                                       Counterparts. This Amendment may be executed in counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective authorized persons.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective authorized persons.

Amendment to Agreement (s)

You (“Service Organization”) have entered into one or more agreements (“Agreement” or “Agreement(s)”) with BlackRock Distributors, Inc. (“BDI”) and/or BlackRock Advisors, LLC relating to sales of the BlackRock open-end mutual funds pursuant to which you may provide one or more of the following types of services under the terms of your Agreement(s): general shareholder liaison, distribution and sales support, distribution and marketing support, operational and/or recordkeeping services, networking services and/or sub-accounting services in return for certain payments. The parties to the Agreement(s) hereby agree that effective as of October 1, 2008, each such Agreement is hereby amended to indicate that BlackRock Investments, Inc. (“BII”) shall replace BDI as a contracting party, and each reference to BDI in the Agreement shall be replaced with a reference to BII. Service Organization hereby consents to BII succeeding to all of BDI’s rights, obligations, interests and liabilities under the Agreements and to the substitution in all respects of BII for BDI as a party to the Agreements.

The parties to the Agreement(s) agree that, under the terms of the Prospectuses and 12b-1 Plans for the Funds underwritten by BII and consistent with Bll’s course of dealing with your firm and pursuant to such Agreement(s), any Rule 12b-1 fees that BII may pay to your firm in connection with distribution and/or shareholder services and pursuant to the terms of your firm’s Agreement(s), if applicable, will only derive from Rule 12b-1 fees actually received by BII from the applicable Fund, and consistent with guidelines from the Financial Industry Regulatory Authority, Inc. and the Securities and Exchange Commission, any Rule 12b-1 and/or service fees are not payable by BII to your firm unless and until received by the applicable Fund.

This amendment confirms that once BII receives such service and/or 12b-1 fees from the applicable Fund, commissions or other payments will be paid to your firm in the same manner and time frame to which your firm is accustomed to receiving such fees (so long as such fees are included under the terms of your Agreement(s)).

*************

To the extent that provisions of the Agreement(s) and this Amendment are in conflict, the terms of this Amendment shall control. Except to the extent amended by this Amendment, the Agreement(s) shall remain unchanged and in full force and effect, and are hereby ratified and confirmed in all respects as amended hereby.

THIRD AMENDMENT TO AMENDED AND RESTATED SELECTED DEALER
AGREEMENT

THIS THIRD AMENDMENT (this “Amendment”) by and between ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated (“▇▇▇▇▇▇▇ ▇▇▇▇▇”) and BlackRock Investments, Inc. (“BII”) is made to that certain Amended and Restated Selected Dealer Agreement dated December 1, 2000 by and between ▇▇▇▇▇▇▇ ▇▇▇▇▇ and BlackRock Distributors, Inc. (“BDI”), as amended on September 29, 2006 and referred to as “Amendment to Amended and Restated Selected Dealer Agreement” (the “First Amendment”), and as separately amended on October 1, 2008 and entitled “Amendment to Agreement(s)” (the “Second Amendment”) (collectively, the “Agreement”), and shall be effective as of October 1, 2008.

W I T N E S S E T H:

WHEREAS, pursuant to that certain letter agreement dated September 11, 2008, ▇▇▇▇▇▇▇ ▇▇▇▇▇ and BDI entered into the Second Amendment to replace BDI with BII as the counterparty to the Agreement;

WHEREAS, in connection with FAM Distributors, Inc.’s termination of its distribution and placement agreements with certain open-end investment companies managed by investment advisory affiliates of BlackRock, Inc. (“BlackRock”), and ▇▇▇▇▇▇▇ ▇▇▇▇▇’▇ termination of its distribution agreement with respect to the CMA and WCMA branded money market funds managed by BlackRock, the parties hereto desire to amend the Agreement to reflect ▇▇▇▇▇▇▇ ▇▇▇▇▇’▇ exclusive dealer arrangement with regard to certain ▇▇▇▇▇▇▇ ▇▇▇▇▇ branded money market funds and to amend Schedule A of the Agreement; and

WHEREAS, in connection with the launch of the BlackRock Fixed Income Value Opportunities Fund (“FIVO”), a closed-end investment company that will not be continuously offered, but which shall be subject to the Agreement, the parties desire to amend the Agreement to provide for payment of the related dealer compensation, including sales charges, distribution fees and shareholder services fees to ▇▇▇▇▇▇▇ ▇▇▇▇▇, as well as to amend Schedule A to include FIVO;

NOW, THEREFORE, in consideration of the forgoing premises and mutual covenants, agreements and promises contained in this Amendment, the parties hereto, intending to be legally bound, agree as follows:

1.                                       Amendment to the Agreement.

(a)                                  Section 5(e) of the Agreement is deleted in its entirety and replaced with the following:

(e)                                  Certain of the Funds have made or may in the future make arrangements to make payments (i) in connection with the distribution of Fund shares, and/or (ii) for the provision of shareholder services or other services to Fund

shareholders, including the adoption of a plan (“Plan”) pursuant to Rule 12b-1 under the 1940 Act. In connection with the sale of a Fund’s shares or servicing of the accounts of our customers where ▇▇▇▇▇▇▇ ▇▇▇▇▇ is the record owner or listed as the broker-dealer of record, you shall pay us a fee upon the terms and conditions as set forth in the then current prospectus of such Fund (or in the case of a Closed-End Fund that is not continuously offered, the initial offering prospectus) or, in the alternative, as set forth in Schedule C hereto. We expressly acknowledge and understand that there is no Rule 12b-1Plan for any Closed-end Fund, but that certain Closed-end Funds may make payments in connection with the distribution of Fund shares and/or for the provision of shareholder services to which we are entitled pursuant to the foregoing.

(b)                                 Section 5(f) of the Agreement is deleted in its entirety and replaced with the following:

(f)                                    Paragraphs (a) through (f) shall survive the termination of this Agreement for sales that occur before such termination for sales with respect to which 12b-1 fees continue to apply.

(c)                                  Section 10 of the Agreement is amended to add the following provisions:

(f)                               Notwithstanding any other provision herein to the contrary, you agree that ▇▇▇▇▇▇▇ ▇▇▇▇▇ shall be the sole and exclusive retail dealer (or broker, as the case may be) of those certain CMA/WCMA Money Funds, Other Retail Money Funds, and Institutional Money Funds set forth on Schedule E attached hereto for so long as such funds use as part of their name any ▇▇▇▇▇▇▇ ▇▇▇▇▇ Licensed Marks (as such term is defined in Section 9 of that certain Global Distribution Agreement, dated September 29, 2006, by and between ML&Co. and BlackRock, Inc.), except as otherwise agreed by ▇▇▇▇▇▇▇ ▇▇▇▇▇.

(g)                            With respect to the CMA/WCMA Money Funds we may make shares of those funds available to participants in the CMA program and WCMA program provided by ▇▇▇▇▇▇▇ ▇▇▇▇▇ to it clients, and to other clients of ▇▇▇▇▇▇▇ ▇▇▇▇▇. You acknowledge and understand that the CMA/WCMA Money Funds may be used in connection with automatic purchases and redemptions of shares of the CMA/WCMA Money Funds with respect to free credit balances in such clients’ ▇▇▇▇▇▇▇ ▇▇▇▇▇ securities accounts and/or Visa accounts through the CMA program or WCMA

program (“sweeps”). CMA or WCMA participants may be liable for the unauthorized use of their Visa card in an amount up to $50. The owner of the Visa card will not be liable for any unauthorized use that occurs after the Visa processing agent has been notified orally or in writing of loss, theft or possible unauthorized use. If shares of the CMA/WCMA Money Funds are redeemed due to the unauthorized use of the Visa card, you agree to cause the applicable fund to reinstate such shares as if never sold and ▇▇▇▇▇▇▇ ▇▇▇▇▇ agrees to indemnify you and the applicable fund against any losses caused thereby and all costs associated therewith.

(d)                                 Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A attached hereto.

2.                                       Governing Law. This Amendment shall be governed by the laws of the State of New York, without giving effect to conflict of law provisions.

3.                                       Counterparts. This Amendment may be executed in counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective authorized persons.

SCHEDULE A