SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM N-8A

                  NOTIFICATION OF REGISTRATION FILED PURSUANT
             TO SECTION 8(A) OF THE INVESTMENT COMPANY ACT OF 1940

       The undersigned investment company hereby notifies the Securities
and Exchange Commission that it registers under and pursuant to the
provisions of Section 8(a) of the Investment Company Act of 1940 and in
connection with such notification of registration submits the following
information:

Name:         XFT Municipal Income Trust

Address of Principal Business Office (No. & Street, City,
Sate, Zip Code):

              c/o X Financial Technologies, Inc.
              100 Bellevue Parkway
              Wilmington, Delaware 19809

Telephone Number (including area code):

              (888) 825-2257

Name and address of agent for service of process:

              Alexander M. Reed
              c/o BlackRock Financial Management, Inc.
              345 Park Avenue
              New York, New York 10154

With copies of Notices and Communications to:

              Richard T. Prins, Esq.
              Michael K. Hoffman, Esq.
              Skadden, Arps, Slate, Meagher & Flom LLP
              Four Times Square
              New York, New York 10026




Check Appropriate Box:

              Registrant is filing a Registration Statement pursuant to
Section 8(b) of the Investment Company Act of 1940 concurrently with the
filing of Form N-8A:

                     YES    [X]            NO   [ ]




                                   SIGNATURE

       Pursuant to the requirements of the Investment Company Act of 1940,
the sole trustee of the registrant has caused this notification of
registration to be duly signed on behalf of the registrant in the city of
New York and the state of New York on the 3rd day of April, 2001.


[SEAL]

                                       XFT Muncipal Income Trust
                                       (REGISTRANT)



                                       By: /s/ Alexander M. Reed
                                            -------------------------
                                            Alexander M. Reed
                                            Sole Trustee




Attest: /s/ Alexander M. Reed
        ------------------------
        Alexander M. Reed
        Sole Trustee