UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21793
Name of Fund: BlackRock Enhanced Government Fund, Inc. (EGF)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock
Enhanced Government Fund, Inc., 55 East 52nd Street, New York, NY 10055.
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 12/31/2010
Date of reporting period: 03/31/2010
Item 1 – Schedule of Investments
Schedule of Investments March 31, 2010 (Unaudited)
BlackRock Enhanced Government Fund, Inc. (EGF)
(Percentages shown are based on Net Assets)
| Par | |||
| Asset-Backed Securities | (000) | Value | |
| First Franklin Mortgage Loan Asset | |||
| Backed Certificates, Series 2005- | |||
| FF2, Class M2, 0.69%, | |||
| 3/25/35 (a) | $ 3,220 $ | 2,151,258 | |
| GSAA Home Equity Trust, Series | |||
| 2005-1, Class AF2, 4.32%, | |||
| 11/25/34 (a) | 842 | 804,081 | |
| Securitized Asset Backed Receivables | |||
| LLC Trust (a): | |||
| Series 2005-0P1, Class M2, | |||
| 0.70%, 1/25/35 | 2,000 | 1,366,764 | |
| Series 2005-OP2, Class M1, | |||
| 0.68%, 10/25/35 | 1,025 | 365,169 | |
| Soundview Home Equity Loan Trust, | |||
| Series 2007-OPT5, Class 2A2, | |||
| 1.20%, 10/25/37 (a) | 2,500 | 1,387,930 | |
| Total Asset-Backed Securities – 3.1% 6,075,202 | |||
| Foreign Agency Obligations | |||
| Province of Ontario, Canada, 4.10%, | |||
| 6/16/14 (b) | 1,745 | 1,864,166 | |
| Total Foreign Agency Obligations – 1.0% 1,864,166 | |||
| Non-Agency Mortgage-Backed | |||
| Securities | |||
| Collateralized Mortgage Obligations — 4.1% | |||
| Bank of America Mortgage Securities | |||
| Inc., Series 2003-J, Class 2A1, | |||
| 3.61%, 11/25/33 (a) | 374 | 352,164 | |
| Bear Stearns Alt-A Trust, Series | |||
| 2004-13, Class A1, 0.99%, | |||
| 11/25/34 (a) | 491 | 359,558 | |
| CS First Boston Mortgage Securities | |||
| Corp., Series 2005-11, Class 6A5, | |||
| 6.00%, 12/25/35 | 1,057 | 933,421 | |
| Countrywide Alternative Loan Trust, | |||
| Series 2006-41CB, Class 2A17, | |||
| 6.00%, 1/25/37 | 1,468 | 1,145,060 | |
| Homebanc Mortgage Trust, | |||
| Series 2005-4, Class A1, 0.52%, | |||
| 10/25/35 (a) | 1,845 | 1,313,168 | |
| Thornburg Mortgage Securities Trust (a): | |||
| Series 2006-6, Class A1, 0.36%, | |||
| 11/25/46 | 1,841 | 1,796,183 | |
| Series 2007-2, Class A2A, | |||
| 0.36%, 6/25/37 | 1,321 | 1,286,397 | |
| Non-Agency Mortgage-Backed | Par | |
| Securities | (000) | Value |
| Collateralized Mortgage Obligations (concluded) | ||
| WaMu Mortgage Pass-Through | ||
| Certificates, Series 2005-AR7, | ||
| Class A1, 4.89%, 8/25/35 (a) | $ 948 $ | 923,968 |
| 8,109,919 | ||
| Commercial Mortgage-Backed Securities — 8.5% | ||
| Bear Stearns Commercial Mortgage | ||
| Securities, Series 2001-T0P2, | ||
| Class A2, 6.48%, 2/15/35 | 1,521 | 1,566,250 |
| Commercial Mortgage Pass-Through | ||
| Certificates, Series 2007-C9, Class | ||
| A2, 5.81%, 12/10/49 (a) | 3,250 | 3,401,584 |
| Credit Suisse Mortgage Capital | ||
| Certificates, Series 2007-C5, Class | ||
| A2, 5.59%, 9/15/40 | 3,400 | 3,511,239 |
| LB-UBS Commercial Mortgage Trust | ||
| Class A2: | ||
| Series 2007-C1, 5.32%, | ||
| 2/15/40 | 2,000 | 2,038,795 |
| Series 2007-C7, 5.59%, | ||
| 9/15/45 | 3,000 | 3,099,452 |
| Wachovia Bank Commercial | ||
| Mortgage Trust, Series 2007-C32, | ||
| Class A2, 5.74%, 6/15/49 (a) | 3,000 | 3,101,978 |
| 16,719,298 | ||
| Interest Only Collateralized Mortgage Obligations — 0.0% | ||
| CitiMortgage Alternative Loan Trust, | ||
| Series 2007-A5, Class 1A7, | ||
| 6.00%, 5/25/37 | 642 | 73,742 |
| Total Non-Agency Mortgage-Backed | ||
| Securities – 12.6% 24,902,959 | ||
| Preferred Securities | ||
| Capital Trusts | ||
| Diversified Financial Services — 0.9% | ||
| JPMorgan Chase Capital XXII, 6.45%, | ||
| 1/15/87 | 2,000 | 1,856,816 |
| Electric Utilities — 0.9% | ||
| PPL Capital Funding, 6.70%, | ||
| 3/30/67 (a) | 2,000 | 1,745,000 |
| Insurance — 1.2% | ||
| The Allstate Corp., 6.50%, | ||
| 5/15/67 (a) | 2,000 | 1,915,000 |
Portfolio Abbreviations
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated
according to the following list:
| GO | General Obligation Bonds | TBD | To Be Determined |
| LIBOR | London InterBank Offered Rate |
BLACKROCK ENHANCED GOVERNMENT FUND, INC.
MARCH 31, 2010
1
Schedule of Investments (continued)
BlackRock Enhanced Government Fund, Inc. (EGF)
(Percentages shown are based on Net Assets)
| Par | |||
| Preferred Securities | (000) | Value | |
| Insurance (concluded) | |||
| ZFS Finance (USA) Trust V, 6.50%, | |||
| 5/09/67 (a)(c) | $ 504 $ | 476,280 | |
| 2,391,280 | |||
| Total Capital Trusts – 3.0% 5,993,096 | |||
| Trust Preferreds | Shares | ||
| Capital Markets — 0.9% | |||
| Morgan Stanley Capital Trust VIII, | |||
| 6.45%, 4/15/67 | 80,000 | 1,774,925 | |
| Media — 1.0% | |||
| Comcast Corp., 6.63%, 5/15/56 | 80,000 | 1,944,770 | |
| Total Trust Preferreds – 1.9% | 3,719,695 | ||
| Total Preferred Securities – 4.9% 9,712,791 | |||
| Par | |||
| Taxable Municipal Bonds | (000) | ||
| State — 0.9% | |||
| State of California, GO, Various | |||
| Purpose 3, 5.65%, 4/01/39 | $ 1,680 | 1,746,410 | |
| Total Taxable Municipal Bonds – 0.9% 1,746,410 | |||
| U.S. Government Sponsored | |||
| Agency Securities | |||
| Agency Obligations — 3.2% | |||
| Fannie Mae, 5.25%, 8/01/12 | 2,460 | 2,648,682 | |
| Federal Farm Credit Bank, 4.55%, | |||
| 6/08/20 | 3,500 | 3,646,402 | |
| 6,295,084 | |||
| Collateralized Mortgage Obligations — 11.0% | |||
| Freddie Mac Mortgage-Backed | |||
| Securities, Series 3149, Class HA, | |||
| 6.00%, 5/15/27 | 454 | 456,577 | |
| Ginnie Mae Mortgage-Backed | |||
| Securities, Class C (a): | |||
| Series 2005-87, 5.33%, | |||
| 9/16/34 | 10,000 | 10,781,604 | |
| Series 2006-3, 5.24%, 4/16/39 | 10,000 | 10,351,077 | |
| 21,589,258 | |||
| Interest Only Collateralized Mortgage Obligations — 0.4% | |||
| Ginnie Mae Mortgage-Backed | |||
| Securities (a): | |||
| Series 2006-30, Class IO, | |||
| 0.80%, 5/16/46 | 8,377 | 334,101 | |
| Series 2007-20, Class SA, | |||
| 5.69%, 4/20/37 | 2,326 | 229,185 | |
| U.S. Government Sponsored | Par | |
| Agency Securities | (000) | Value |
| Interest Only Collateralized Mortgage Obligations (concluded) | ||
| Ginnie Mae Mortgage-Backed | ||
| Securities (concluded): | ||
| Series 2007-40, Class SN, | ||
| 6.23%, 7/20/37 | $ 2,784 $ | 292,160 |
| 855,446 | ||
| Interest Only Mortgaged-Backed Securities — 4.3% | ||
| Fannie Mae Mortgage Backed | ||
| Securities, 5.24%, 4/01/12 (b) | 7,939 | 8,414,701 |
| Mortgaged-Backed Securities — 48.4% | ||
| Fannie Mae Mortgage-Backed | ||
| Securities: | ||
| 4.00%, 4/01/24 - 10/01/24 | 8,917 | 9,060,056 |
| 4.50%, 5/01/39 - 5/15/40 (d) | 4,430 | 4,442,038 |
| 4.66%, 7/01/10 | 1,803 | 1,802,920 |
| 4.68%, 2/01/13 | 5,199 | 5,467,069 |
| 5.00%, 11/01/33 –7/01/35 (b) | 21,734 | 22,540,213 |
| 5.50%, 7/01/17 - | ||
| 7/01/38 (b)(e) | 33,973 | 35,974,461 |
| 5.71%, 2/01/12 | 2,557 | 2,735,007 |
| 6.00%, 2/01/36 - 4/15/40 (d) | 7,160 | 7,628,761 |
| 6.60%, 1/01/11 | 4,760 | 4,845,123 |
| Freddie Mac Mortgage-Backed | ||
| Securities, 4.50%, 5/01/34 | 1,027 | 1,039,750 |
| Ginnie Mae Mortgage-Backed | ||
| Securities, 5.00%, 11/15/35 | 36 | 38,006 |
| 95,573,404 | ||
| Total U.S. Government Sponsored | ||
| Agency Securities – 67.3% 132,727,893 | ||
| U.S. Treasury Obligations | ||
| U.S. Treasury Notes: | ||
| 1.38%, 3/15/13 (f) | 6,200 | 6,163,668 |
| 3.13%, 8/31/13 | 110 | 114,778 |
| 2.38%, 2/28/15 (f) | 19,195 | 19,063,130 |
| 2.38%, 3/31/15 | 10,905 | 10,874,357 |
| 4.63%, 2/15/40 | 9,795 | 9,654,197 |
| Total U.S. Treasury Obligations – 23.2% | 45,870,130 | |
| Total Long-Term Investments | ||
| (Cost – $218,760,683) – 113.0% | 222,899,551 | |
2 BLACKROCK ENHANCED GOVERNMENT FUND, INC.
MARCH 31, 2010
Schedule of Investments (continued)
BlackRock Enhanced Government Fund, Inc. (EGF)
(Percentages shown are based on Net Assets)
| Short-Term Securities | Shares | Value | |
| BlackRock Liquidity Funds, | |||
| TempFund, Institutional Class, | |||
| 0.13% (g)(h) | 2,049,665 $ | 2,049,665 | |
| Total Short-Term Securities | |||
| (Cost – $2,049,665) – 1.0% | 2,049,665 | ||
| Total Investments Before TBA Sale | |||
| Commitments and Outstanding Options | |||
| Written (Cost – $220,810,348*) – | |||
| 114.0% | 224,949,216 | ||
| Par | |||
| TBA Sale Commitments (d) | (000) | ||
| Fannie Mae Mortgage-Backed | |||
| Securities, 6.00%, 2/01/36 - | |||
| 4/15/40 | $ 2,600 | (2,761,689) | |
| Total TBA Sale Commitments | |||
| (Proceeds – $2,760,063) – (1.4)% (2,761,689) | |||
| Options Written | Contracts | ||
| Exchange-Traded Call Options — 0.0% | |||
| Fannie Mae Guaranteed Pass - | |||
| Through Certificates, Strike Price | |||
| $103.66, expires 4/06/10 | 500,000 | (23,450) | |
| Over-the-Counter Call Swaptions — 0.0% | |||
| Pay a fixed rate of 2.50% and | |||
| receive a floating rate based on 3- | |||
| month LIBOR, expires 4/12/10, | |||
| Broker Deutsche Bank AG | 30 (i) | (5,970) | |
| Pay a fixed rate of 3.65% and | |||
| receive a floating rate based on 3- | |||
| month LIBOR, expires 4/20/10, | |||
| Broker Citibank NA | 20 (i) | (39,300) | |
| (45,270) | |||
| Total Options Written | |||
| (Premiums Received – $351,594) – 0.0% | (68,720) | ||
| Total Investments, Net of TBA Sale Commitments and | |||
| Outstanding Options Written – 112.6% | 222,118,807 | ||
| Liabilities in Excess of Other Assets – (12.6)% | (24,774,430) | ||
| Net Assets – 100.0% | $ 197,344,377 | ||
* The cost and unrealized appreciation (depreciation) of investments as of
March 31, 2010, as computed for federal income tax purposes, were as
| Aggregate follows: cost | $ 220,810,348 |
| Gross unrealized appreciation | $ 9,245,976 |
| Net Gross unrealized unrealized appreciation depreciation | $ (5,107,108) 4,138,868 |
(a) Variable rate security. Rate shown is as of report date.
(b) All or a portion of security has been pledged as collateral in connection
with open swaps.
(c) Security exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
(d) Represents or includes a to-be-announced (“TBA”) transaction. Unsettled
TBA transactions as of report date were as follows:
| Market | Unrealized | |
| Counterparty | Value | Depreciation |
| Credit Suisse Securities LLC | $ (2,761,689)$ | (1,626) |
| Goldman Sachs & Co. | $ 3,370,926$ | (12,708) |
| All or portion of security has been | ||
| pledged as collateral in connection | ||
| with open financial futures contracts. |
(e) All or a portion of security has been pledged as collateral for reverse
repurchase agreements.
(f) 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:
(g) 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:
| Net | ||
| Affiliate | Activity | Income |
| BlackRock Liquidity Funds, | ||
| TempFund, Institutional Class | $ (131,653) | $ 1,480 |
(h) Represents the current yield as of report date.
(i) One contract represents a notional amount of $1 million.
• Financial futures contracts purchased as of March 31, 2010 were as
| follows: | ||||
| Expiration | Notional | Unrealized | ||
| Contracts | Issue | Date | Value | Appreciation |
| 153 | 2-Year U.S. | |||
| Treasury Bond | June 2010 | $ 33,187,258 $ | 6,570 | |
| 165 | 10-Year U.S. | |||
| Treasury Bond | June 2010 | $ 19,136,543 | 44,707 | |
| 299 | 30-Year U.S. | |||
| Treasury Bond | June 2010 | $ 34,656,635 | 64,740 | |
| Total | $ 116,017 | |||
BLACKROCK ENHANCED GOVERNMENT FUND, INC.
MARCH 31, 2010
3
Schedule of Investments (continued)
BlackRock Enhanced Government Fund, Inc. (EGF)
• Financial futures contracts sold as of March 31, 2010 were as follows:
| Unrealized | ||||
| Expiration | Notional | Appreciation | ||
| Contracts | Issue | Date | Value | (Depreciation) |
| 171 | 5-Year U.S. Treasury Notes | June 2010 | $ 19,712,150 | $ 73,869 |
| 4 | Euro Dollar Future | June 2010 | $ 996,138 | (162) |
| 4 | Euro Dollar Future | September 2010 | $ 994,288 | (362) |
| 4 | Euro Dollar Future | December 2010 | $ 991,488 | (212) |
| 4 | Euro Dollar Future | March 2011 | $ 988,088 | (112) |
| 3 | Euro Dollar Future | June 2011 | $ 738,404 | 66 |
| 2 | Euro Dollar Future | September 2011 | $ 490,494 | 94 |
| 2 | Euro Dollar Future | December 2011 | $ 488,819 | 194 |
| 3 | Euro Dollar Future | March 2012 | $ 731,129 | 516 |
| Total | $ 73,891 |
• Reverse repurchase agreements outstanding as of March 31, 2010 were as follows:
| Interest | Trade | Maturity | Net Closing | Face | ||||||
| Counterparty | Rate | Date | Date | Amount | Amount | |||||
| Credit Suisse Securities (USA), Inc. | 0.18% | 3/01/10 | TBD | $ 4,020,623 $ | 4,020,000 | |||||
| Bank of America, NA | 0.17% | 3/23/10 | TBD | 6,169,233 | 6,169,000 | |||||
| Total | $ 10,189,856 | $ 10,189,000 | ||||||||
| •Interest rate swaps outstanding as of March 31, 2010 were as follows: | ||||||||||
| Unrealized | ||||||||||
| Fixed | Floating | Notional | Appreciation | |||||||
| Rate | Rate | Counter-party | Expiration | Amount (000) | (Depreciation) | |||||
| 0.80%(a) | 3-month LIBOR | JPMorgan Chase Bank NA | March 2011 | USD 16,100 | $ 27,373 | |||||
| 3.95%(b) | 3-month Australian Bank Bill Short-Term Rate | Deutsche Bank AG | May 2011 | AUD 3,560 | (34,655) | |||||
| 4.02%(b) | 3-month Australian Bank Bill Short-Term Rate | Deutsche Bank AG | May 2011 | AUD 10,555 | (96,267) | |||||
| 1.13%(c) | 3-month LIBOR | Deutsche Bank AG | January 2012 | USD 11,200 | (16,916) | |||||
| 1.14%(c) | 3-month LIBOR | Credit Suisse International | March 2012 | USD 13,500 | 2,078 | |||||
| 4.63%(c) | 3-month LIBOR | Deutsche Bank AG | March 2013 | USD 50,000 | (4,154,806) | |||||
| 5.71%(c) | 3-month LIBOR | Deutsche Bank AG | June 2017 | USD 25,000 | (3,847,207) | |||||
| 5.96%(c) | 3-month LIBOR | Deutsche Bank AG | December 2037 | USD 25,000 | (5,922,201) | |||||
| Total | $ (14,042,601) | |||||||||
| (a)Pays floating interest rate and receives fixed rate. | ||||||||||
| (b)Pays floating interest amount and receives fixed amount at expiration. | ||||||||||
| (c)Pays fixed interest rate and receives floating rate. | ||||||||||
• For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications
used by one or more widely recognized market indexes or rating group indexes, and/or as defined by Fund management.
This definition may not apply for purposes of this report, which may combine such industry sub-classifications for reporting
ease.
BLACKROCK ENHANCED GOVERNMENT FUND, INC.
MARCH 31, 2010
4
Schedule of Investments March 31, 2010 (Unaudited)
BlackRock Enhanced Government Fund, Inc. (EGF)
• Fair Value Measurements - Various inputs are used in determining the fair value of investments, which are as follows:
• Level 1 — price quotations in active markets/exchanges for identical assets and liabilities
• Level 2 — other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets
that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than
quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment
speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)
• Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are not available (including the Fund's own assumptions used in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing
in those securities. For information about the Fund's policy regarding valuation of investments and other significant
accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.
The following tables summarize the inputs used as of March 31, 2010 in determining the fair valuation of the Fund’s
investments:
| Valuation Inputs | Level 1 | Level 2 | Level 3 | Total |
| Assets: | ||||
| Investments in Securities: | ||||
| Long-Term Investments: | ||||
| Assets-Backed Securities | - | $ 6,075,202 | - | $ 6,075,202 |
| Foreign Agency Obligations | - | 1,864,166 | - | 1,864,166 |
| Non-Agency Mortgage-Backed Securities | - | 23,684,157 | $ 1,218,802 | 24,902,959 |
| Preferred Securities | - | 9,712,791 | - | 9,712,791 |
| Taxable Municipal Bonds | - | 1,746,410 | - | 1,746,410 |
| U.S. Government Sponsored Agency Securities | - | 132,727,893 | - | 132,727,893 |
| U.S. Treasury Obligations | - | 45,870,130 | - | 45,870,130 |
| Short-Term Securities: | ||||
| Money Market Fund | $ 2,049,665 | - | - | 2,049,665 |
| Liabilities: | ||||
| Investments in Securities: | ||||
| Short-Term Securities: | ||||
| TBA Sale Commitments | - | (2,761,689) | - | (2,761,689) |
| Total | $ 2,049,665 | $ 218,919,060 | $ 1,218,802 | $ 222,187,527 |
| Derivative Financial Instruments1 | ||||
|
| ||||
| Valuation Inputs | Level 1 | Level 2 | Level 3 | Total |
| Assets: | ||||
| Interest rate contracts | $ 190,756 | $ 29,451 | - | $ 220,207 |
| Liabilities: | ||||
| Interest rate contracts | (24,298) | (14,082,667) | $ (34,655) | (14,141,620) |
| Total | $ 166,458 | $ (14,053,216) | $ (34,655) | $ (13,921,413) |
1 Derivative financial instruments are futures contracts, swaps and options written. Financial futures contracts and swaps are valued at the
unrealized appreciation/depreciation on the instrument and options written are shown at value.
BLACKROCK ENHANCED GOVERNMENT FUND, INC.
MARCH 31, 2010
5
Schedule of Investments (concluded)
BlackRock Enhanced Government Fund, Inc. (EGF)
The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used to
determine fair value:
| Asset-Backed | Non-Agency Mortgage- | ||
| Securities | Backed Securities | Total | |
| Asset/Liabilities: | |||
| Balance, as of December 31, 2009 | $ 1,255,800 | $ 1,279,621 | $ 2,535,421 |
| Accrued discounts/premium | - | (6,630) | (6,630) |
| Net realized gain (loss) | - | (1,300) | (1,300) |
| Net change in unrealized | |||
| appreciation /depreciation2 | 895,458 | 79,657 | 975,115 |
| Purchases | - | - | - |
| Sales | - | (132,546) | (132,546) |
| Transfers in3 | - | - | - |
| Transfers out3 | (2,151,258) | - | (2,151,258) |
| Balance, as of March 31, 2010 | - | $ 1,218,802 | $ 1,218,802 |
2 The change in unrealized appreciation/depreciation on securities still held at March 31, 2010 was $79,658.
The following table is a reconciliation of Level 3 derivative financial instruments for which significant
unobservable inputs were used to determine fair value:
| Interest Rate Contracts 4 | |
| Liabilities: | |
| Balance, as of December 31, 2009 | $ (129,697) |
| Accrued discounts/premium | - |
| Net realized gain (loss) | - |
| Net change in unrealized | |
| appreciation/depreciation | (1,225) |
| Purchases | - |
| Sales | - |
| Transfers in3 | - |
| Transfers out3 | 96,267 |
| Balance, as of March 31, 2010 | $ (34,655) |
3 The Fund’s policy is to recognize transfers in and transfers out as of the period of the event or the
change in circumstances that caused the transfer.
4 Derivative financial instruments are swaps.
6 BLACKROCK ENHANCED GOVERNMENT FUND, INC.
MARCH 31, 2010
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 13(a)-15(b) under the Securities
Exchange Act of 1934, as amended.
2(b) – There were no changes in the registrant's internal control over financial reporting (as defined in Rule
30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the registrant's internal control over
financial reporting.
Item 3 – Exhibits
Certifications – Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
BlackRock Enhanced Government Fund, Inc.
By: /s/Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock Enhanced Government Fund, Inc.
Date: May 27, 2010
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/Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock Enhanced Government Fund, Inc.
Date: May 27, 2010
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Enhanced Government Fund, Inc.
Date: May 27, 2010