bpk.htm - Generated by SEC Publisher for SEC Filing

UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-10501

Name of Fund: BlackRock Municipal 2018 Term Trust (BPK)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock
Municipal 2018 Term Trust, 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: 12/31/2009

Date of reporting period: 03/31/2009

Item 1 – Schedule of Investments


BlackRock Municipal 2018 Term Trust         
Schedule of Investments March 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
State  Municipal Bonds    (000)  Value 
Alabama - 3.2%  Courtland, Alabama, IDB, Solid Waste Disposal Revenue       
  Refunding Bonds (International Paper Company Project),       
  Series A, 4.75%, 5/01/17    $       1,000 $  762,850 
  Huntsville, Alabama, Health Care Authority, Revenue       
  Refunding Bonds, GO, Series A, 5.625%, 6/01/22           5,845  5,565,141 
          6,327,991 
Arizona - 0.4%  Salt Verde Financial Corporation, Arizona, Senior Gas       
  Revenue Bonds, 5.25%, 12/01/20           1,000  766,120 
California - 10.1%  Agua Caliente Band of Cahuilla Indians, California, Casino       
  Revenue Bonds, 5.60%, 7/01/13           1,750  1,566,670 
  California Pollution Control Financing Authority, Solid Waste       
  Disposal Revenue Bonds (Waste Management, Inc. Project),       
  AMT, Series C, 5.125%, 11/01/23           6,500  5,370,950 
  California Pollution Control Financing Authority, Solid Waste       
  Disposal Revenue Refunding Bonds (Republic Services, Inc.       
  Project), AMT, Series C, 5.25%, 6/01/23           5,000  4,403,900 
  Clovis, California, Unified School District, Capital         
  Appreciation, GO (Election of 2004), Series A, 5.126%,       
  8/01/21 (a)(b)(c)(d)           5,425  3,258,960 
  Lincoln, California, Special Tax Bonds (Community Facilities       
  District Number 2003-1), 5.90%, 9/01/13 (e)           1,100  1,306,448 
  Los Angeles, California, Unified School District, GO,       
  Series I, 5%, 7/01/20           3,750  3,936,938 
          19,843,866 
Colorado - 4.5%  Colorado HFA, Solid Waste Disposal Revenue Bonds (Waste       
  Management, Inc.), AMT, 5.70%, 7/01/18           5,000  4,499,150 
  Park Creek Metropolitan District, Colorado, Senior Limited Tax       
  Supported Revenue Refunding Bonds, 5.25%, 12/01/20         5,010  4,236,556 
          8,735,706 
Connecticut - 1.3%  Mashantucket Western Pequot Tribe, Connecticut, Special Revenue       
  Refunding Bonds, Sub-Series B, 5.75%, 9/01/18 (f)         3,750  2,466,825 
Florida - 6.1%  Broward County, Florida, School Board, COP, Series A,       
  5.25%, 7/01/22 (g)           1,250  1,273,750 
  Miami Beach, Florida, Health Facilities Authority, Hospital       
  Revenue Refunding Bonds (Mount Sinai Medical Center of       
  Florida), 6.75%, 11/15/21           3,790  2,803,539 

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 list below.

AMT  Alternative Minimum Tax (subject to)  HDA  Housing Development Authority 
CABS  Capital Appreciation Bonds  HFA  Housing Finance Agency 
COP  Certificates of Participation  IDA  Industrial Development Authority 
EDA  Economic Development Authority  IDB  Industrial Development Board 
EDR  Economic Development Revenue Bonds  M/F  Multi-Family 
GO  General Obligation Bonds  PCR  Pollution Control Revenue Bonds 
    S/F  Single-Family 
 
 
 
 
      1 


BlackRock Municipal 2018 Term Trust         
Schedule of Investments March 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
State  Municipal Bonds    (000)  Value 
  Pine Island Community Development District, Florida,       
  Utilities System Revenue Bonds, 5.30%, 11/01/10    $  595   $ 562,465 
  Stevens Plantation Community Development District,       
  Florida, Special Assessment Revenue Bonds, Series B,       
  6.375%, 5/01/13      2,270  1,753,257 
  Village Center Community Development District, Florida,       
  Recreational Revenue Bonds, Sub-Series B, 5.875%, 1/01/15    4,890  4,654,791 
  Westchester Community Development District Number 1,       
  Florida, Special Assessment Bonds (Community         
  Infrastructure), 6%, 5/01/23      1,345  962,912 
          12,010,714 
Illinois - 24.7%  CenterPoint Intermodal Center Program Trust, Illinois, Tax       
  Allocation Bonds, Class A, 8%, 6/15/23 (f)      1,825  1,407,623 
  Chicago, Illinois, O'Hare International Airport, General Airport       
  Revenue Bonds, Third Lien, Series A, 5%, 1/01/19 (h)    5,000  5,016,650 
  Chicago, Illinois, O'Hare International Airport, General Airport       
  Revenue Bonds, Third Lien, Series A, 5%, 1/01/20 (h)    3,000  2,977,620 
  Chicago, Illinois, O'Hare International Airport, General       
  Airport Revenue Refunding Bonds, Third Lien, AMT,       
  Series A, 5.75%, 1/01/18 (b)      5,000  4,965,600 
  Illinois Development Finance Authority, Hospital Revenue       
  Bonds (Adventist Health System/Sunbelt Obligated Group),       
  5.50%, 11/15/09 (e)      12,500  13,012,375 
  Illinois Educational Facilities Authority, Student Housing       
  Revenue Bonds (Education Advancement Fund - University       
  Center Project), 6%, 5/01/12 (e)      5,980  6,874,309 
  Illinois Health Facilities Authority, Revenue Refunding       
  Bonds (Elmhurst Memorial Healthcare), 5.50%, 1/01/22    5,000  4,431,550 
  Illinois Sports Facilities Authority, State Tax Supported       
  Revenue Bonds, 5.349%, 6/15/19 (h)(i)      1,885  1,884,265 
  Illinois Sports Facilities Authority, State Tax Supported       
  Revenue Bonds, 5.399%, 6/15/20 (h)(i)      1,985  1,965,507 
  Illinois Sports Facilities Authority, State Tax Supported       
  Revenue Bonds, 5.447%, 6/15/21 (h)(i)      2,090  2,054,533 
  Illinois State Finance Authority, Student Housing Revenue       
  Bonds (MJH Education Assistance IV LLC), Senior Series A,       
  5.50%, 6/01/19 (j)(k)      2,750  1,521,878 
  Illinois State Toll Highway Authority, Senior Priority       
  Revenue Bonds, Series A, 5%, 1/01/19 (g)      2,250  2,385,968 
          48,497,878 
Indiana - 13.7%  Indiana Health Facilities Financing Authority Revenue Bonds (Sisters       
  of St. Francis Health System), 5.75%, 11/01/11 (e)    13,970  15,745,028 
                                     Indianapolis, Indiana, Airport Authority, Special Facilities, Revenue
                                     Refunding Bonds (Federal Express Corporation Project), AMT, 5.10%,
  1/15/17      2,500  2,197,650 
 
 
 
 
                                                                                       2         


BlackRock Municipal 2018 Term Trust         
Schedule of Investments March 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
State  Municipal Bonds    (000)  Value 
  Lawrence, Indiana, M/F Housing, Revenue Refunding Bonds       
  (Pinnacle Apartments Project), AMT, 5.15%, 6/01/24 (l)  $       2,895 $ 2,896,824 
  Petersburg, Indiana, PCR, Refunding (Indianapolis Power &       
  Light Co. Project), AMT, 5.75%, 8/01/21      4,000  3,304,800 
  Vincennes, Indiana, EDR, Refunding, 6.25%, 1/01/24    3,915  2,822,441 
          26,966,743 
Kentucky - 1.5%  Kentucky Housing Corporation, Housing Revenue Bonds,       
  AMT, Series C, 4.625%, 7/01/22      3,195  2,968,283 
Louisiana - 1.3%  Louisiana Public Facilities Authority Revenue Bonds       
  (Department of Public Safety), Term Bond 1, 5.875%,       
  6/15/14 (b)      2,485  2,550,206 
Maryland - 2.3%  Frederick County, Maryland, Special Obligation Tax Bonds       
  (Urbana Community Development Authority), Series A,       
  5.80%, 7/01/20      4,710  3,615,066 
  Maryland Economic Development Corporation, PCR,       
  Refunding, 6.20%, 9/01/22      875  894,443 
          4,509,509 
Massachusetts - 0.5%  Massachusetts State Water Pollution Abatement Trust,       
  Water Abatement Revenue Refunding Bonds (MWRA       
  Program), Sub-Series A, 6%, 8/01/23      1,000  1,020,450 
Michigan - 2.1%  Michigan State Hospital Finance Authority, Hospital       
  Revenue Refunding Bonds (Oakwood Obligated Group),       
  Series A, 5%, 7/15/18      1,000  928,140 
  Michigan State Hospital Finance Authority, Hospital       
  Revenue Refunding Bonds (Sparrow Obligated Group),       
  4.50%, 11/15/26      3,500  2,525,705 
  Pontiac, Michigan, Tax Increment Finance Authority,       
  Revenue Refunding Bonds (Development Area Number 3),       
  5.375%, 6/01/12 (e)(m)      640  721,446 
          4,175,291 
Mississippi - 3.6%  Lowndes County, Mississippi, Solid Waste Disposal and PCR,       
  Refunding (Weyerhaeuser Company Project), Series A,       
  6.80%, 4/01/22      9,000  7,100,280 
Nevada - 2.8%  Henderson, Nevada, Local Improvement Districts, Special       
  Assessment, Series NO T-18, 5.15%, 9/01/21      1,000  400,660 
  Las Vegas, Nevada, Special Assessment Improvement,       
  District Number 809 (Summerlin Area), 5.35%, 6/01/17    1,060  721,277 
  Nevada State Department of Business and Industry, Solid       
  Waste Disposal Revenue Bonds (Republic Services, Inc.       
  Project), AMT, 5.625%, 12/01/26      5,000  4,376,750 
          5,498,687 
New Hampshire - 6.8%  New Hampshire Health and Education Facilities Authority       
  Revenue Bonds (Exeter Hospital Project), 6%, 10/01/24    2,025  1,930,817 
  New Hampshire State Business Finance Authority, PCR,       
  Refunding (Public Service Company Project), AMT, Series B,       
  4.75%, 5/01/21 (b)      6,000  4,935,300 
 
 
 
 
                                                                                       3         


BlackRock Municipal 2018 Term Trust         
Schedule of Investments March 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
State  Municipal Bonds    (000)  Value 
  New Hampshire State Business Finance Authority, PCR,       
  Refunding (Public Service Company of New Hampshire       
  Project), Series C, 5.45%, 5/01/21 (b)    $       7,000 $6,378,820 
          13,244,937 
New Jersey - 11.6%  New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50%,       
  6/15/24           7,000  5,459,790 
  New Jersey EDA, EDR, Special Assessment Refunding Bonds       
  (Kapkowski Road Landfill Reclamation Improvement District       
  Project), AMT, 5.50%, 4/01/16           8,410  6,873,157 
  New Jersey EDA, Special Facility Revenue Bonds         
  (Continental Airlines, Inc. Project), AMT, 7%, 11/15/30         4,065  2,502,170 
  New Jersey EDA, Special Facility Revenue Bonds         
  (Continental Airlines, Inc. Project), AMT, 7.20%, 11/15/30         6,750  4,256,078 
  New Jersey Health Care Facilities Financing Authority,       
  Revenue Refunding Bonds (AtlantiCare Regional Medical       
  Center), 5%, 7/01/20           1,500  1,451,010 
  New Jersey State Housing and Mortgage Finance Agency, S/F       
  Housing Revenue Bonds, AMT, Series T, 4.55%, 10/01/22         2,500  2,298,150 
          22,840,355 
New York - 7.5%  New York City, New York, City IDA, Special Facility Revenue       
  Bonds (American Airlines, Inc. - JFK International Airport),       
  AMT, 7.625%, 8/01/25           3,460  2,406,188 
  New York City, New York, GO, Sub-Series F-1, 5%, 9/01/18         7,500  7,807,200 
  Tobacco Settlement Financing Corporation of New York       
  Revenue Bonds, Series B-1C, 5.50%, 6/01/20           4,500  4,557,690 
          14,771,078 
North Carolina - 3.6%  North Carolina, HFA, Home Ownership Revenue Bonds, AMT,       
  Series 28A, 4.65%, 7/01/23           3,140  2,888,360 
  Wake County, North Carolina, Industrial Facilities and       
  Pollution Control Financing Authority, Revenue Refunding       
  Bonds (Carolina Power & Light Company Project), 5.375%,       
  2/01/17           4,000  4,113,160 
          7,001,520 
Ohio - 2.8%  American Municipal Power, Inc., Ohio, Revenue Refunding       
  Bonds (Prairie State Energy Campus Project), Series A,       
  5.25%, 2/15/23           5,000  5,171,700 
  Pinnacle Community Infrastructure Financing Authority,       
  Ohio, Revenue Bonds, Series A, 6%, 12/01/22      460  324,682 
          5,496,382 
Oklahoma - 1.1%  Tulsa, Oklahoma, Municipal Airport Trust, Revenue       
  Refunding Bonds, Series A, 7.75%, 6/01/35           2,700  2,126,736 
Pennsylvania - 7.1%  Montgomery County, Pennsylvania, IDA, Revenue Bonds       
  (Whitemarsh Continuing Care Project), 6%, 2/01/21         2,000  1,452,900 
  Pennsylvania State Turnpike Commission, Turnpike Revenue       
  Bonds, Sub-Series A, 5%, 6/01/22 (n)           1,000  1,039,130 
 
 
 
 
                                                                                       4         


BlackRock Municipal 2018 Term Trust         
Schedule of Investments March 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
State  Municipal Bonds    (000)  Value 
  Philadelphia, Pennsylvania, Authority for Industrial       
  Development, Lease Revenue Bonds, Series B, 5.50%,       
  10/01/11 (e)(g)    $  5,000 $  5,581,750 
  West Cornwall Township, Pennsylvania, Municipal Authority       
  College Revenue Bonds (Elizabethtown College Project),       
  5.90%, 12/15/11 (e)      2,500  2,809,325 
  West Cornwall Township, Pennsylvania, Municipal Authority       
  College Revenue Bonds (Elizabethtown College Project), 6%,       
  12/15/11 (e)      2,650  2,984,907 
          13,868,012 
South Carolina - 2.3%  South Carolina Jobs EDA, Hospital Facilities Revenue       
  Refunding Bonds (Palmetto Health Alliance), Series A,       
  6.125%, 8/01/23      5,000  4,569,550 
Tennessee - 3.6%  Knox County, Tennessee, Health, Educational and Housing Facilities       
  Board, Hospital Facilities Revenue Refunding Bonds (Covenant       
  Health), CABS, Series A, 5.632%, 1/01/19 (d)(g)      12,000  7,068,240 
Texas - 13.2%  Alliance Airport Authority, Inc., Texas, Special Facilities       
  Revenue Refunding Bonds (FedEx Corp. Project), AMT,       
  4.85%, 4/01/21      2,000  1,576,000 
  Birdville, Texas, Independent School District, GO,       
  Refunding, CABS, 5.404%, 2/15/18 (d)      1,615  1,151,220 
  Birdville, Texas, Independent School District, GO,       
  Refunding, CABS, 5.464%, 2/15/19 (d)      1,815  1,216,758 
  Birdville, Texas, Independent School District, GO,       
  Refunding, CABS, 5.513%, 2/15/20 (d)      2,625  1,649,209 
  Birdville, Texas, Independent School District, GO,       
  Refunding, CABS, 5.53%, 2/15/21 (d)      2,500  1,472,775 
  Brazos River Authority, Texas, PCR, Refunding (TXU Energy       
  Company Project), AMT, Series C, 5.75%, 5/01/36    10,010  6,163,958 
  Dallas-Fort Worth, Texas, International Airport Revenue       
  Refunding and Improvement Bonds, AMT, Series A, 5.875%,       
  11/01/17 (b)(c)      5,000  5,042,500 
  Dallas-Fort Worth, Texas, International Airport Revenue       
  Refunding and Improvement Bonds, AMT, Series A, 5.875%,       
  11/01/18 (b)(c)      5,000  5,028,800 
  Dallas, Texas, Civic Center Revenue Refunding and       
  Improvement Bonds, 5%, 8/15/21 (n)      2,500  2,562,325 
          25,863,545 
Virginia - 1.3%  Virginia State, HDA, Commonwealth Mortgage Revenue       
  Refunding Bonds, AMT, Sub-Series E-2, 4.375%, 10/01/19    2,750  2,592,013 
Wisconsin - 10.1%  Franklin, Wisconsin, Solid Waste Disposal, Revenue Bonds,       
  4.95%, 4/01/16      1,990  1,747,140 
  Wisconsin State General Fund Annual Appropriation Bonds,       
  Series A, 5%, 5/01/18      1,000  1,045,250 
 
 
 
 
                                                                                       5         


BlackRock Municipal 2018 Term Trust       
Schedule of Investments March 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
State  Municipal Bonds    (000)  Value 
  Wisconsin State Health and Educational Facilities Authority,     
  Revenue Refunding Bonds (Froedtert and Community     
  Health), 5.375%, 10/01/11 (e)    $ 4,560 $ 5,086,178 
  Wisconsin State Health and Educational Facilities Authority,     
  Revenue Refunding Bonds (Froedtert and Community     
  Health), 5.375%, 10/01/21    440  440,515 
  Wisconsin State Health and Educational Facilities Authority,     
  Revenue Refunding Bonds (Wheaton Franciscan Services,     
  Inc.), 6.25%, 2/15/12 (e)    10,000  11,488,800 
        19,807,883 
Puerto Rico - 1.3%  Puerto Rico Commonwealth, Public Improvement, GO,     
  Series B, 5.25%, 7/01/17    2,665  2,439,434 
Multi-State - 10.6%  Charter Mac Equity Issuer Trust, 6.80%, 10/31/52 (f)(o)  14,000  14,959,840 
  MuniMae TE Bond Subsidiary LLC, 5.20%, 6/29/49 (f)(o)  6,000  3,914,520 
  MuniMae TE Bond Subsidiary LLC, Series D, 5.90%, 11/29/49 (f)(o)  4,000  1,994,400 
        20,868,760 
  Total Municipal Bonds - 161.0%      315,996,994 
  Tax-Exempt Corporate Bonds       
  San Manuel Entertainment Authority Series 04-C, 4.50%,     
  12/01/16 (f)    4,000  3,307,800 
  Total Corporate Bonds - 1.7%      3,307,800 
  Municipal Bonds Transferred to Tender Option Bond Trusts (p)     
Illinois - 2.6%  Chicago, Illinois, Water Revenue Refunding Bonds, Second Lien, 5%,     
  11/01/20 (g)    5,000  5,237,500 
  Total Municipal Bonds Transferred to       
  Tender Option Bond Trusts - 2.6%      5,237,500 
  Total Long-Term Investments       
  (Cost - $354,755,081) - 165.3%      324,542,294 
  Short-Term Securities    Shares   
Money Market Funds - 3.1%  FFI Institutional Tax-Exempt Fund, 0.61% (q)(r)    6,000,000  6,000,000 
  Total Short-Term Securities       
  (Cost - $6,000,000) - 3.1%      6,000,000 
  Total Investments (Cost - $360,755,081*) - 168.4%    330,542,294 
  Other Assets Less Liabilities - 1.7%      3,372,200 
  Liabilities for Trust Certificates, Including       
  Interest Expense and Fees Payable - (1.9)%      (3,765,415) 
  Preferred Shares, at Redemption Value - (68.2)%    (133,865,046) 
  Net Assets Applicable to Common Shares - 100.0%  $  196,284,033 

* The cost and unrealized appreciation (depreciation) of investments as of March 31, 2009,
as computed for federal income tax purposes, were as follows:

Aggregate cost  $  357,018,936 
Gross unrealized appreciation  $  9,548,558 
Gross unrealized depreciation    (39,775,200) 
Net unrealized depreciation  $  (30,226,642) 

(a) Security is collateralized by Municipal or US Treasury Obligations.
(b) NPFGC Insured.
(c) FGIC Insured.

6


BlackRock Municipal 2018 Term Trust
Schedule of Investments March 31, 2009 (Unaudited)
(d) Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.
(e) US government securities, held in escrow, are used to pay interest on this security as well as to retire the bond in
full at the date indicated, typically at a premium to par.
(f) 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.

(g) FSA Insured.
(h) AMBAC Insured.
(i) Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for
the following periods. Rate shown reflects the effective yield as of report date.
(j) Issuer filed for bankruptcy and/or is in default of interest payments.
(k) Non-income producing security.
(l) FNMA Collateralized.
(m) ACA Insured.
(n) Assured Guaranty Insured.
(o) Security represents a beneficial interest in a trust. The collateral deposited into the trust is federally tax-exempt
revenue bonds issued by various state or local governments, or their respective agencies or authorities. The security is
subject to mandatory redemption at maturity.

(p) Securities represent underlying bonds transferred to a tender option bond trust in exchange for which the Trust
acquired residual interest certificates. These securities serve as a collateral in a financing transaction.
(q) Investments in companies considered to be an affiliate of the Trust, for purposes of
Section 2(a)(3) of the Investment Company Act of 1940, were as follows:

Affiliate  Net Activity    Income 
FFI Institutional Tax-Exempt fund  (10,213,640)  $                   17,911 

(r) Represents the current yield as of report date.
Ÿ The Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair
Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair value, establishes a framework for measuring
fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in
determining the fair value of investments, which are as follows:

Ÿ Level 1 - price quotations in active markets/exchanges for identical securities
Ÿ 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 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)

Ÿ Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent
observable inputs are not available (including the Trust's own assumption used in determining the fair value of
investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with
investing in those securities. For information about the Trust's policy regarding valuation of investments and other
significant accounting policies, please refer to the Trust's most recent financial statements as contained in its
annual report.

The following table summarizes the inputs used as of March 31, 2009 in determining the fair valuation of the
Trust's investments:

  Valuation    Investments in 
  Inputs    Securities 
      Assets 
Level 1    $  6,000,000 
Level 2      324,542,294 
Level 3      - 
Total    $  330,542,294 
 
 
      7 


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 Municipal 2018 Term Trust

By: /s/ Donald C. Burke
Donald C. Burke
Chief Executive Officer of
BlackRock Municipal 2018 Term Trust

Date: May 20, 2009

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
Chief Executive Officer (principal executive officer) of
BlackRock Municipal 2018 Term Trust

Date: May 20, 2009

By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Municipal 2018 Term Trust

Date: May 20, 2009