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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 811-21053

Name of Fund: BlackRock Virginia Municipal Bond Trust (BHV)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Virginia Municipal Bond 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: 08/31/2008

Date of reporting period: 09/01/2007 – 11/30/2007

Item 1 – Schedule of Investments


BlackRock Virginia Municipal Bond Trust        
Schedule of Investments as of November 30, 2007 (Unaudited)    
(in Thousands)
      Face            
      Amount   Municipal Bonds     Value  
District of Columbia - 7.2%   $ 1,500   Metropolitan Washington Airports Authority, D.C., Airport System Revenue Bonds, AMT, Series A, 5.25% due 10/01/2032 (d)   $ 1,515  
      250   Metropolitan Washington Airports Authority, D.C., Airport System Revenue Bonds, AMT, Series B, 5% due 10/01/2034 (e)     251  
Puerto Rico - 5.3%     1,340   Children's Trust Fund Project of Puerto Rico, Tobacco Settlement Revenue Refunding Bonds, 5.375% due 5/15/2033     1,306  
Virginia - 138.4%     1,435   Alexandria, Virginia, Redevelopment and Housing Authority, M/F Housing Revenue Refunding Bonds (3001 Park Center Apartments), Series A, 6.375% due 4/01/2034     1,463  
      2,150   Arlington County, Virginia, IDA, Hospital Facilities Revenue Bonds (Virginia Hospital Center - Arlington Health System), 5.25% due 7/01/2011 (g)     2,312  
      1,500   Celebrate North Community Development Authority, Virginia, Special Assessment Revenue Bonds, Series B, 6.75% due 3/01/2034     1,557  
      500   Chesterfield County, Virginia, EDA, Solid Waste and Sewer Disposal Revenue Bonds (Virginia Electric Power Company), AMT, Series A, 5.60% due 11/01/2031     496  
      1,500   Danville, Virginia, IDA, Hospital Revenue Refunding Bonds (Danville Regional Medical Center), 5.25% due 10/01/2028 (b)(c)     1,672  
      980   Dulles Town Center, Virginia, Community Development Authority, Special Assessment Tax (Dulles Town Center Project), 6.25% due 3/01/2026     998  
      1,000   Fairfax County, Virginia, EDA, Residential Care Facilities, Mortgage Revenue Refunding Bonds (Goodwin House, Inc.), 5.125% due 10/01/2037     936  
      1,205   Fairfax County, Virginia, Water Authority, Water Revenue Refunding Bonds, 5% due 4/01/2027     1,247  
      1,000   Hampton, Virginia, Public Improvement, GO, 5% due 4/01/2020     1,055  
      1,500   Henrico County, Virginia, EDA, Revenue Refunding Bonds (Bon Secours Health System, Inc.), Series A, 5.60% due 11/15/2030     1,540  
      1,300   Isle Wight County, Virginia, IDA, Environmental Improvement Revenue Bonds, AMT, Series A, 5.70% due 11/01/2027     1,306  
      1,500   Norfolk, Virginia, Airport Authority Revenue Bonds, Series A, 5.125% due 7/01/2031 (d)     1,525  
      500   Peninsula Ports Authority, Virginia, Residential Care Facilities, Revenue Refunding Bonds (Baptist Homes), Series C, 5.40% due 12/01/2033     464  
      5,000   Pocahontas Parkway Association, Virginia, Toll Road Revenue Bonds, Senior Series B, 6.99% due 8/15/2008 (a)(g)(h)     2,221  
      1,275   Prince William County, Virginia, Lease Participation Certificates, 5% due 12/01/2021     1,325  
      1,250   Richmond, Virginia, Metropolitan Authority, Expressway Revenue Refunding Bonds, 5.25% due 7/15/2022 (d)     1,398  
      3,000   Richmond, Virginia, Public Utilities Revenue Refunding Bonds, 5% due 1/15/2012 (e)(g)     3,200  
      750   Stafford County, Virginia, EDA, Hospital Facilities Revenue Bonds (MediCorp Health System), 5.25% due 6/15/2037     754  
      250   The Shops at White Oak Village Community Development Authority, Virginia, Special Assessment Revenue Bonds, 5.30% due 3/01/2017     248  
      200   Virginia College Building Authority, Educational Facilities Revenue Bonds (21st Century College and Equipment Programs), VRDN, Series C, 3.60% due 2/01/2026 (i)     200  

Portfolio Abbreviations
To simplify the listings of BlackRock Virginia Municipal Bond 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)   IDA   Industrial Development Authority
  EDA   Economic Development Authority   M/F   Multi-Family
  GO   General Obligation Bonds   VRDN   Variable Rate Demand Notes
  HDA   Housing Development Authority        

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BlackRock Virginia Municipal Bond Trust        
Schedule of Investments as of November 30, 2007 (Unaudited)    
(in Thousands)
      Face            
      Amount   Municipal Bonds     Value  
   
$
 500   Virginia College Building Authority, Educational Facilities Revenue Refunding Bonds (Washington and Lee University Project), 5.25% due 1/01/2026 (f)  
$
 562  
      1,000   Virginia College Building Authority, Educational Facilities Revenue Refunding Bonds (Washington and Lee University Project), 5.25% due 1/01/2031 (f)     1,131  
      500   Virginia Port Authority, Port Facilities Revenue Bonds, AMT, 4.75% due 7/01/2031 (d)     488  
      3,000   Virginia State, HDA, Commonwealth Mortgage Revenue Bonds, Series H, Sub-Series H-1, 5.375% due 7/01/2036 (f)     3,057  
      1,000   Virginia State Resources Authority, Infrastructure Revenue Bonds (Pooled Financing Program), Senior Series B, 5% due 11/01/2037     1,042  
      635   Virginia State Resources Authority, Infrastructure Revenue Bonds (Pooled Loan Program), Series A, 5.125% due 5/01/2027     656  
      1,000   Virginia State Resources Authority, Water and Sewer System Revenue Bonds (Frederick County Sanitation Authority Project), 5.20% due 10/01/2010 (g)     1,053  
          Total Municipal Bonds (Cost - $35,045) - 150.9%     36,978  
          Corporate Bonds        
Multi-State - 7.0%             1,500   Charter Mac Equity Issuer Trust, 7.20% due 10/31/2052 (j)     1,709  
          Total Corporate Bonds (Cost - $1,500) - 7.0%     1,709  
          Total Investments (Cost - $36,545*) - 157.9%     38,687  
          Liabilities in Excess of Other Assets - (2.6%)     (648 )
          Preferred Shares, at Redemption Value - (55.3%)     (13,540 )
          Net Assets Applicable to Common Shares - 100.0%   $ 24,499  

* The cost and unrealized appreciation (depreciation) of investments as of November 30, 2007, as computed for federal income tax purposes, were as follows:
Aggregate cost   $   36,473    
Gross unrealized appreciation   $   2,379    
Gross unrealized depreciation       (165 )  
Net unrealized appreciation   $   2,214    

(a)   ACA Insured.
(b)   AMBAC Insured.
(c)   Escrowed to maturity.
(d)   FGIC Insured.
(e)   FSA Insured.
(f)   MBIA Insured.
(g)   Prerefunded.
(h)   Represent a zero coupon bond; the interest rates shown is the effective yield at the time of purchase.
(i)   Security may have a maturity of more than one year at time of issuance, but has variable rate and demand features that qualify it as a short-term security. The rate disclosed is that currently in effect. This rate changes periodically based upon prevailing market rates.
(j)   The security may be offered and sold to "qualified institutional buyers" under Rule 144A of the Securities Act of 1933.

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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 and 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 Virginia Municipal Bond Trust
 
By: /s/ Donald C. Burke                    
  Donald C. Burke,
  Chief Executive Officer of
  BlackRock Virginia Municipal Bond Trust
 
Date: January 16, 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 Virginia Municipal Bond Trust
 
Date: January 16, 2008
 
By: /s/ Neal J. Andrews                    
  Neal J. Andrews,
  Chief Financial Officer (principal financial officer) of
  BlackRock Virginia Municipal Bond Trust
 
Date: January 16, 2008