BlackRock Funds [profile] has revised the prospectus of their BlackRock U.S. Government Bond Portfolio. Three sections, “Fund Overview — Key Facts about BlackRock U.S. Government Bond Portfolio — Principal Investment Strategies of the Fund,” “Details About the Funds — How Each Fund Invests — Investment Process,” and “Details About the Funds — How Each Fund Invests — U.S. Government Bond Portfolio — Principal Investment Strategies,” as well as a chart in the section titled “I. Investment Objectives and Policies,” have been changed. In another filing, they have revised the prospectus of their BlackRock U.S. Government Bond V.I. Fund. The prospectus for this fund received changes in the "Fund Overview — Principal Investment Strategies of the Fund,” “Details about the Fund — How the Fund Invests — Investment Process,” and “Details about the Fund — How the Fund Invests — Principal Investment Strategies” sections. [SEC Filing I]. [SEC Filing II]. 

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