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 811-10331

Name of Fund:    BlackRock California Municipal Income Trust (BFZ)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service:    Donald C. Burke, Chief Executive Officer, BlackRock California Municipal Income 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:    10/31/2008

Date of reporting period:    11/01/2007 – 01/31/2008


Item 1 – Schedule of Investments

BlackRock California Municipal Income Trust    
Schedule of Investments as of January 31, 2008 (Unaudited) (in Thousands)
    Face          
    Amount   Municipal Bonds Value
   California - 132.5% $ 24,500   Anaheim, California, Public Financing Authority, Lease Revenue Bonds    
         (Public Improvements Project), Sub-Series C, 5.67% due 9/01/2031 (e)(o) $ 7,575
      6,070   Anaheim, California, Public Financing Authority, Lease Revenue Bonds    
          (Public Improvements Project), Sub-Series C, 5.58% due 9/01/2032 (e)(o)   1,786
      5,000   California County Tobacco Securitization Agency, Tobacco Revenue Bonds    
          (Stanislaus County Tobacco Funding Corporation), Series A, 5.875% due 6/01/2043   4,916
      10,000   California Educational Facilities Authority Revenue Bonds (Stanford University),    
          Series Q, 5.25% due 12/01/2032   10,381
      4,890   California Health Facilities Financing Authority Revenue Bonds (Kaiser    
          Permanente), Series A, 5.40% due 5/01/2028 (j)   4,971
      3,000   California Health Facilities Financing Authority Revenue Bonds (Valleycare    
          Medical Center), Series A, 5.375% due 5/01/2012 (i)   3,332
      15,250   California Infrastructure and Economic Development Bank Revenue Bonds (J.    
          David Gladstone Institute Project), 5.25% due 10/01/2034   15,476
      13,500   California Infrastructure and Economic Development Bank Revenue Bonds    
          (Kaiser Hospital Assistance I-LLC), Series A, 5.55% due 8/01/2031   13,860
      2,290   California Pollution Control Financing Authority, Solid Waste Disposal Revenue    
          Bonds (Waste Management Inc. Project), AMT, Series A-2, 5.40% due 4/01/2025   2,270
      10,000   California State Department of Water Resources, Power Supply Revenue Bonds,    
          Series A, 5.375% due 5/01/2012 (i)   11,219
      5,000   California State, GO, Refunding, 5% due 6/01/2037   5,007
      10,000   California State, Various Purpose, GO, 5.50% due 11/01/2033   10,554
      5,500   California State, Veterans, GO, Refunding, AMT, Series BZ, 5.35% due 12/01/2021 (h)   5,517
      5,000   California State, Veterans, GO, Refunding, AMT, Series BZ, 5.375% due 12/01/2024 (h)   5,013
      4,000   California Statewide Communities Development Authority Revenue Bonds    
          (Daughters of Charity National Health System), Series A, 5.25% due 7/01/2030   3,882
      7,000   California Statewide Communities Development Authority Revenue Bonds    
          (Kaiser Permanente), Series B, 5.25% due 3/01/2045   7,027
   Portfolio Abbreviations
   To simplify the listings of BlackRock California Municipal Income Trust's portfolio holdings in the Schedule of    
   Investments, we have abbreviated the names of many of the securities according to the list below.    
   AMT Alternative Minimum Tax (subject to)   IDR Industrial Development Revenue Bonds    
   COP Certificates of Participation   M/F Multi-Family    
   GO General Obligation Bonds          

1


BlackRock California Municipal Income Trust    
Schedule of Investments as of January 31, 2008 (Unaudited) (in Thousands)
    Face        
    Amount   Municipal Bonds Value
                                                $ 10,000  
California Statewide Communities Development Authority Revenue Bonds
   
       
(Sutter Health), Series B, 5.625% due 8/15/2042
 $ 10,316
    1,815  
Chino Basin, California, Regional Financing Authority, Revenue Refunding
   
       
Bonds (Inland Empire Utility Agency), Series A, 5% due 11/01/2038 (a)
  1,843
    5,065  
Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT,
   
       
Series B, 5% due 12/01/2027
  5,120
    4,395  
Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT,
   
       
Series D, 5% due 12/01/2027
  4,442
    6,000  
El Monte, California, COP (Department of Public Social Services Facility Project
   
       
- Phase II), 5.25% due 1/01/2034 (a)
  6,079
    7,485  
Elk Grove, California, Unified School District, Special Tax Bonds (Community
   
       
Facilities District Number 1), 5.60% due 12/01/2029 (a)(o)
  2,260
    7,485  
Elk Grove, California, Unified School District, Special Tax Bonds (Community
   
       
Facilities District Number 1), 5.60% due 12/01/2030 (a)(o)
  2,139
    7,485  
Elk Grove, California, Unified School District, Special Tax Bonds (Community
   
       
Facilities District Number 1), 5.60% due 12/01/2031 (a)(o)
  2,022
    1,100  
Etiwanda School District, California, Public Financing Authority, Local Agency
   
       
Revenue Refunding Bonds, 5% due 9/15/2032 (b)
  1,133
    5,000  
Foothill/Eastern Corridor Agency, California, Toll Road Revenue Refunding
   
       
Bonds, 5.064% due 7/15/2026
  4,724
    5,000  
Foothill/Eastern Corridor Agency, California, Toll Road Revenue Refunding
   
       
Bonds, 6.10% due 1/15/2033
  1,152
    5,000  
Foothill/Eastern Corridor Agency, California, Toll Road Revenue Refunding
   
       
Bonds, 6.10% due 1/15/2034
  1,083
    13,445  
Foothill/Eastern Corridor Agency, California, Toll Road Revenue Refunding Bonds,
   
       
6.20% due 1/15/2035
  2,741
    1,000  
Foothill/Eastern Corridor Agency, California, Toll Road Revenue Refunding
   
       
Bonds, 6.10% due 1/15/2038
  169
    10,030  
Foothill/Eastern Corridor Agency, California, Toll Road Revenue Refunding
   
       
Bonds, 5.75% due 1/15/2040
  10,111
    2,000  
Golden State Tobacco Securitization Corporation of California, Tobacco
   
       
Settlement Revenue Bonds, Series A-1, 6.625% due 6/01/2013 (i)
  2,356
    8,500  
Golden State Tobacco Securitization Corporation of California, Tobacco
   
       
Settlement Revenue Bonds, Series B, 5.50% due 6/01/2013 (i)
  9,546
    5,800  
Golden State Tobacco Securitization Corporation of California, Tobacco
   
       
Settlement Revenue Bonds, Series B, 5.625% due 6/01/2013 (i)
  6,550
    5,000  
Huntington Beach, California, Union High School District, GO (Election of
   
       
2004), 5.02% due 8/01/2033 (c)(o)
  1,367

2

BlackRock California Municipal Income Trust  
Schedule of Investments as of January 31, 2008 (Unaudited) (in Thousands)
    Face      
    Amount   Municipal Bonds Value
  $ 4,965   Irvine, California, Mobile Home Park Revenue Bonds (Meadows Mobile Home  
        Park), Series A, 5.70% due 3/01/2028 $ 4,897
    7,700   Kaweah Delta Health Care District, California, Revenue Refunding Bonds, 6%
due 8/01/2012 (i) 		8,938
    2,855   Lathrop, California, Financing Authority Revenue Bonds (Water Supply Project),
5.90% due 6/01/2027 		2,856
    5,140   Lathrop, California, Financing Authority Revenue Bonds (Water Supply Project),
6% due 6/01/2035 		5,119
    985   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.59% due 8/01/2035 (k)(o) 		227
    1,030   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.60% due 8/01/2036 (k)(o) 		224
    1,080   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.61% due 8/01/2037 (k)(o) 		222
    1,125   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.62% due 8/01/2038 (k)(o) 		218
    1,175   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.63% due 8/01/2039 (k)(o) 		215
    1,230   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.64% due 8/01/2040 (k)(o) 		212
    1,285   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.65% due 8/01/2041 (k)(o) 		209
    1,340   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.66% due 8/01/2042 (k)(o) 		206
    1,400   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.67% due 8/01/2043 (k)(o) 		203
    1,465   Live Oak Unified School District, California, GO (Election of 2004), Series B,
5.68% due 8/01/2044 (k)(o) 		200
    4,110   Los Angeles, California, Regional Airports Improvement Corporation, Lease  
        Revenue Bonds (American Airlines Inc.), AMT, Series C, 7.50% due 12/01/2024 4,326
    5,000   Los Angeles, California, Unified School District, GO, Refunding, Series A-1,
4.50% due 1/01/2028 (h) 		4,859
    8,000   Metropolitan Water District of Southern California, Waterworks Revenue Bonds,  
        Series A, 5% due 7/01/2037 8,366
    1,000   Palm Springs, California, Mobile Home Park Revenue Bonds (Sahara Mobile  
        Home Park), Series A, 5.625% due 5/15/2026 1,004
    5,550   Palomar Pomerado Health Care District, California, GO (Election of 2004),  
        Series A, 5.125% due 8/01/2037 (h) 5,768
    4,000   Rancho Cucamonga, California, Community Facilities District, Special Tax  
        Bonds, Series A, 6.50% due 9/01/2033 4,095
    15,500   Rancho Cucamonga, California, Redevelopment Agency, Tax Allocation Bonds  
        (Rancho Redevelopment Project), 5.125% due 9/01/2030 (h) 15,603
    1,905   Richmond, California, Wastewater Revenue Bonds, 5.62% due 8/01/2031 (c)(j)(o) 614
    9,000   San Diego, California, Community College District, GO (Election of 2006), 5%
due 8/01/2032 (e) 		9,439
    6,500   San Francisco, California, City and County Airport Commission, International  
        Airport Revenue Refunding Bonds, AMT, Second Series, Issue 27A, 5.25% due 5/01/2031 (h) 6,557
    7,500   San Francisco, California, City and County Redevelopment Agency, Community  
        Facilities District Number 1, Special Tax Bonds (Mission Bay South Public Improvements Project), 6.25% due 8/01/2033 7,599
    1,775   San Francisco, California, City and County Redevelopment Agency, Community  
        Facilities District Number 1, Special Tax Bonds (Mission Bay South Public  
        Improvements Project), Series B, 6.125% due 8/01/2031 1,787

3


BlackRock California Municipal Income Trust
Schedule of Investments as of January 31, 2008 (Unaudited) (in Thousands)
Face
  Amount   Municipal Bonds Value
$ 2,880 San Jose, California, M/F Housing Revenue Bonds (Lenzen Affordable Housing
      Project), AMT, Series B, 5.45% due 2/20/2043 (d)(g) $ 2,892 
3,595 San Jose, California, M/F Housing Revenue Bonds (Villages Parkway Senior
      Apartments Housing Project), AMT, Series D, 5.50% due 4/01/2034 (f)   3,626 
1,715 Santa Clara County, California, Housing Authority, M/F Housing Revenue
      Bonds (John Burns Gardens Apartments Project), AMT, Series A, 5.85% due 8/01/2031   1,769 
1,235 Santa Clara County, California, Housing Authority, M/F Housing Revenue
      Bonds (Rivertown Apartments Project), AMT, Series A, 6% due 8/01/2041   1,276 
3,075 Santa Clarita, California, Community Facilities District Number 02-1, Special
      Tax Refunding Bonds (Valencia Town Center Project), 5.85% due 11/15/2032   2,996 
  2,000   Upland, California, Unified School District, GO, 5.125% due 8/01/2025 (e)   2,138 
2,245 Val Verde, California, Unified School District Financing Authority, Special Tax
        Refunding Bonds, Junior Lien, 6.25% due 10/01/2028   2,291 
   Puerto Rico - 9.7% 10,000   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series II, 5.25%
due 7/01/2012 (i) 		  11,206 
10,000 Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue
        Bonds, Series E, 5.70% due 2/01/2010 (i)   10,627 
        Total Municipal Bonds (Cost - $307,096) - 142.2%   320,723 
        Corporate Bonds    
   Multi-State - 9.8%   7,000   Charter Mac Equity Issuer Trust, 6.30% due 6/30/2049 (n)   7,314 
  4,000   Charter Mac Equity Issuer Trust, 6.80% due 11/30/2050   4,373 
  7,000   MuniMae TE Bond Subsidiary LLC, 6.30% due 6/30/2049 (n)   7,258 
  3,000   MuniMae TE Bond Subsidiary LLC, 6.80% due 6/30/2050 (n)   3,226 
        Total Corporate Bonds (Cost - $21,000) - 9.8%   22,171 
Shares
    Held   Short-Term Securities    
  11,182   CMA California Municipal Money Fund, 2.12% (l)(m)   11,182 
        Total Short-Term Securities (Cost - $11,182) - 5.0%   11,182 
Total Investments (Cost - $339,278*) - 157.0% 354,076 
Other Assets Less Liabilities - 1.5% 3,486 
Preferred Shares, at Redemption Value - (58.5%)   (132,004)
Net Assets Applicable to Common Shares - 100.0% $ 225,558 
* The cost and unrealized appreciation (depreciation) of investments as of January 31, 2008, as computed for federal
income tax purposes, were as follows:
Aggregate cost $ 339,155
Gross unrealized appreciation $ 15,750
Gross unrealized depreciation   (829 )
Net unrealized appreciation $ 14,921  

4


 

BlackRock California Municipal Income Trust      
Schedule of Investments as of January 31, 2008 (Unaudited) (in Thousands)
  (a)     

AMBAC Insured.
      (b)     

Assured Guaranty Insured.
  (c)     

FGIC Insured.
  (d)     

FHA Insured.
  (e)     

FSA Insured.
  (f)     

FNMA Collateralized.
  (g)     

GNMA Collateralized.
  (h)     

MBIA Insured.
  (i)     

Prerefunded.
  (j)     

Escrowed to maturity.
  (k)     

XL Capital Insured.
  (l)     

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:
      Net   Dividend
            Affiliate   Activity   Income
             
            CMA California Municipal Money Fund   4,338   $ 62

      (m)     

Represents the current yield as of January 31, 2008.
  (n)     

The security may be offered and sold to "qualified institutional buyers" under Rule 144A of the Securities Act of 1933.
  (o)     

Represents a zero coupon or step bond; the interest rate shown reflects the effective yield at the time of purchase.

5

Item 2 – Controls and Procedures

2(a) –    The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities 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 California Municipal Income Trust

By:  
/s/ Donald C. Burke
    Donald C. Burke
    Chief Executive Officer of
    BlackRock California Municipal Income Trust
 
Date: March 24, 2008

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 California Municipal Income Trust
 
Date: March 24, 2008
 
By:  
/s/ Neal J. Andrews
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock California Municipal Income Trust
 
Date: March 24, 2008