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______

_______BlackRock Florida Insured Municipal 2008 Term Trust_______
(Exact name of registrant as specified in charter)

100 Bellevue Parkway, Wilmington, DE
19809
(Address of principal executive offices)
(Zip code)

Robert S. Kapito, President

BlackRock Florida Insured Municipal 2008 Term Trust

      40 East 52nd Street, New York, NY 10022      
(Name and address of agent for service)


Registrant’s telephone number, including area code:_888-825-2257__________________

Date of fiscal year end:___December 31, 2006
Date of reporting period:__September 30, 2006

Item 1. Schedule of Investments.

The Registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:


PORTFOLIO OF INVESTMENTS
SEPTEMBER 30, 2006 (unaudited)

BlackRock Florida Insured Municipal 2008 Term Trust (BRF)

      Principal            
        Amount       Option Call    
    Rating1   (000)   Description   Provisions2   Value  
          LONG-TERM INVESTMENTS—93.6%        
            Florida—84.6%        
    AAA   $ 1,500   Alachua Cnty. Sch. Dist. GO, 4.25%, 1/01/09, FSA   No Opt. Call   $ 1,523,340  
    AAA   4,190   Brd. of Ed. RB, Ser. A, 5.00%, 7/01/08, FGIC   No Opt. Call   4,293,661  
    AAA   5,895   City of Jacksonville Excise Tax RB, 4.25%, 10/01/08, AMBAC   No Opt. Call   5,977,058  
            City of Jacksonville Sales Tax RB,        
    AAA   1,155       3.125%, 10/01/08, FGIC   No Opt. Call   1,142,087  
    AAA   2,000       4.10%, 10/01/08, AMBAC   No Opt. Call   2,022,120  
    AAA   2,000   City of Lakeland Elec. & Wtr. RB, 5.90%, 10/01/08, FSA   No Opt. Call   2,090,780  
            City of Orlando Wstwtr. Sys. RB,        
    AAA   1,100       Ser. A, 3.25%, 10/01/08, AMBAC   No Opt. Call   1,091,596  
    AAA   1,280       Ser. A, 3.50%, 10/01/09, AMBAC   No Opt. Call   1,279,270  
    AAA   5,905   Dept. of Env. Protection RB, Ser. B, 4.00%, 7/01/08, FGIC   No Opt. Call   5,952,240  
            Div. of Bond Fin. RB,        
    AAA   8,000       Dept. of Env. Presvtn. Proj., Ser. B, 5.25%, 7/01/10, FSA   07/08 @ 101   8,305,280  
    AAA   2,000       Nat. Res. & Presvtn. Proj., Ser. A, 5.00%, 7/01/11, AMBAC   07/07 @ 101   2,041,160  
    AAA   1,595   Escambia Cnty. Util. Auth. RB, Ser. B, 6.125%, 1/01/09, FGIC   No Opt. Call   1,642,324  
    AAA   6,000   Greater Orlando Aviation Auth. RB, Orlando Arpt. Facs. Proj., Ser. C, 3.50%, 10/01/08, MBIA   No Opt. Call   5,991,960  
    AAA   3,000   Hillsborough Cnty. Sch. Brd. Sales Tax RB, 4.00%, 10/01/09, AMBAC   No Opt. Call   3,040,530  
    AAA   10,000   Hillsborough Cnty. Util. RB, 4.50%, 8/01/08, AMBAC   No Opt. Call   10,171,300  
    AAA   950   Indian River Cnty. Sch. Dist. GO, 3.25%, 4/01/08, FSA   No Opt. Call   944,471  
    AAA   3,000   Lee Cnty. Arprt. RB, 4.25%, 10/01/09, FSA   No Opt. Call   3,060,810  
            Miami GO,        
    AAA   1,345       5.90%, 12/01/08, FGIC   No Opt. Call   1,410,905  
    AAA   1,000       6.00%, 12/01/09, FGIC   No Opt. Call   1,073,460  
    AAA   2,000   Miami-Dade Cnty. Edl. Fac. Auth. RB, Univ. of Miami Proj., Ser. A, 4.875%, 4/01/09, AMBAC   No Opt. Call   2,064,100  
    AAA   1,535   Miami-Dade Cnty. Pub. Svc. Tax Pub. Impvt. RB, 3.40%, 4/01/08, AMBAC   No Opt. Call   1,532,344  
            Miami-Dade Cnty. RB,        
    AAA   5,000       Ser. A, Zero Coupon, 2/01/08, MBIA   10/06 @ 96.87   4,756,750  
    AAA   905 3     Ser. B, Zero Coupon, 10/01/08, AMBAC   ETM   843,089  
    AAA   1,095       Ser. B, Zero Coupon, 10/01/08, AMBAC   No Opt. Call   1,019,095  
    AAA   4,775   Miami-Dade Cnty. Sch. Brd. COP, 5.25%, 8/01/11, FSA   08/08 @ 101   4,959,172  
    AAA   1,090   Mun. Loan Council RB, Ser. C, 3.50%, 11/01/08, MBIA   No Opt. Call   1,089,542  
            Orange Cnty. Tourist Dev. Tax RB,        
    AAA   5,130       Ser. A, 4.00%, 10/01/08, AMBAC   No Opt. Call   5,174,015  
    AAA   5,340       Ser. A, 4.00%, 10/01/09, AMBAC   No Opt. Call   5,404,614  
    AAA   1,005 3          Ser. A, 5.85%, 10/01/08, MBIA   ETM   1,050,245  
    AAA   495       Ser. A, 5.85%, 10/01/08, MBIA   No Opt. Call   516,998  
            Osceola Cnty. Gas Tax RB,        
    AAA   640       3.10%, 4/01/08, FGIC   No Opt. Call   634,202  
    AAA   1,810       3.75%, 10/01/08, AMBAC   No Opt. Call   1,817,928  
    AAA   7,085   Pasco Cnty. Sld. Wst. Disp. & Res. Rec. Sys. RB, 6.00%, 4/01/09, FGIC   10/06 @ 100   7,091,518  
    AAA   2,000   Polk Cnty. Sch. Brd. COP, Ser. A, 3.20%, 1/01/08, FSA   No Opt. Call   1,988,080  
    AAA   2,000   Seminole Cnty. Wtr. & Swr. RB, 6.00%, 10/01/09, MBIA   No Opt. Call   2,139,680  
    AAA   500   St. Petersburg Hlth. Facs. Auth. RB, All Children’s Hosp. Proj., 3.10%, 11/15/08, AMBAC   No Opt. Call   492,460  
    AAA   1,370   Vlg. Ctr. Cmnty. Dev. Dist. Recreational RB, Ser. A, 5.50%, 11/01/08, MBIA   No Opt. Call   1,423,786  
    AAA   2,370   Volusia Cnty. Sales Tax RB, Ser. B, 4.00%, 10/01/08, MBIA   No Opt. Call   2,391,686  
                    109,443,656  
            Puerto Rico—9.0%        
            Mun. Fin. Agcy.        
    AAA   1,500       GO, Ser. A, 5.625%, 8/01/10, FSA   08/09 @ 101   1,601,895  
    AAA   10,000       RB, Ser. A, 3.50%, 8/01/08, FSA   No Opt. Call   10,006,700  
                    11,608,595  
            Total Long-Term Investments (cost $119,247,749)       121,052,251  

1

BlackRock Florida Insured Municipal 2008 Term Trust (BRF) (continued)

               
        Shares        
    Rating1   (000)   Description   Value  
          MONEY MARKET FUNDS—10.0%    
    NR   6,450       AIM Tax Free Cash Reserve Portfolio   $ 6,450,000  
    NR   6,450   SSgA Tax Free Money Mkt. Fund   6,450,000  
            Total Short – Term Investments (cost $12,900,000)   12,900,000  
            Total Investments —103.6% (cost $132,147,7494)   $133,952,251  
            Other assets in excess of liabilities (including $48,287,180 in cash) —38.3%   49,569,443  
            Preferred shares at redemption value, including dividends payable —(41.9)%   (54,160,620)  
            Net Assets Applicable to Common Shareholders —100%   $129,361,074  
 

1   Using the highest of Standard & Poor’s, Moody’s Investors Services or Fitch’s ratings.  
2   Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates.  
3   Security is collateralized by Municipal or U.S. Treasury obligations.  
4   Cost for Federal income tax purposes is $132,115,617. The net unrealized appreciation on a tax basis is $1,836,634, consisting of $1,983,376 gross unrealized appreciation and $146,742 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 100.2% of the Trust’s managed assets.  
 

AMBAC   —    24.3%
Cash — 26.3%
FGIC — 12.9%
FSA — 19.0%
MBIA — 10.7%
Other — 7.0%

KEY TO ABBREVIATIONS
AMBAC — American Municipal Bond Assurance Corp.   FSA — Financial Security Assurance
COP — Certificate of Participation   GO — General Obligation
ETM — Escrowed to Maturity   MBIA — Municipal Bond Insurance Assoc.
FGIC — Financial Guaranty Insurance Co.   RB — Revenue Bond

2

Item 2. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers have evaluated the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.

(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 (17 CFR 270.30a -3(d)) 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.

Separate certifications of the Registrant’s Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.

 

SIGNATURES

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.

(Registrant)___BlackRock Florida Insured Municipal 2008 Term Trust___

By: /s/ Donald C. Burke
_____________________________________________________________________
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: November 29, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: /s/ Robert S. Kapito
_____________________________________________________________________
Name: Robert S. Kapito
Title: President and Principal Executive Officer
Date: November 29, 2006

By: /s/ Donald C. Burke
_____________________________________________________________________
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: November 29, 2006