UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington
D.C. 20549




FORM
10-Q


(Mark
One)




x
              QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
 
 For the quarterly period ended March
31, 2009
 
  ̈
              TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934


For the transition period from
_________________ to _________________







Commission
      File No.: 000-49672




THE
BLACKHAWK FUND


(Exact
name of registrant as specified in its charter)





Nevada
            88-0408213(State
      or other jurisdiction of
              incorporation
      or organization)
            (I.R.S.
      Employer
              Identification
      No.)1802
      N. Carson Street, Suite 212-3018
              Carson
      City, NV 89071
              (Address of
      principal executive offices)


Issuer’s
telephone number:  (775) 887-0670


___________________


Check
whether the registrant filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.   Yes  x No  ̈




Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such
files).  Yes  ̈  No  ̈





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





Large
      accelerated filter  ̈
            Accelerated
      filter  ̈Non-accelerated
      filter    ̈(Do not check if
      a smaller reporting company)
            Smaller
      reporting company x




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act.  Yes  ̈  No  x




APPLICABLE
ONLY TO CORPORATE ISSUERS




As of May
20, 2009, 562,293,791 shares of our common stock were outstanding.




Transitional
Small Business Disclosure Format:    Yes   ̈   No
x




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EXPLANATORY
NOTE





This
quarterly report on Form 10-Q does not contain all of the information required
to be disclosed under the Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated thereunder.  In particular, this
quarterly report does not contain the financial statements required by Article
8-03 of Regulation S-X, management’s discussion and analysis required by Item
303 of Regulation S-K, disclosure controls and procedures required by Item 307
of Regulation S-K, internal control over financial reporting required by Item
308T of Regulation S-K, and certifications required under Rule 13a-14 of the
Securities Exchange Act of 1934, as amended, and Section 1350 of the
Sarbanes-Oxley Act of 2002.  The company intends to file an amendment to
this quarterly report on Form 10-Q to provide the missing information once it
becomes available.





PART
1:  FINANCIAL INFORMATION





ITEM
1 – FINANCIAL STATEMENTS





We will
file an amendment to this quarterly report to provide the financial statements
as required by Article 8-03 of Regulation S-X.





ITEM
2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS.





We will
file an amendment to this quarterly report to provide management’s discussion
and analysis or plan of operation as required by Item 303 of Regulation
S-K.





ITEM
3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK





As a “smaller reporting company” as
defined by Item 10 of Regulation S-K, we are not required to provide the
information required by this item.





ITEM
4 – CONTROLS AND PROCEDURES





We will file an amendment to this
quarterly report to provide the disclosures relating to controls and procedures
as required by Items 307 and 308T of Regulation S-K.





2




PART
II:  OTHER INFORMATION




ITEM
1 – LEGAL PROCEEDINGS





None.





ITEM
1A – RISK FACTORS





As a
“small reporting company” as defined by Item 10 of Regulation S-K, we are not
required to provide information required by this item.





ITEM
2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS





None.





ITEM
3 – DEFAULT UPON SENIOR SECURITIES





None.





ITEM
4 – SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS





None.





ITEM
5 – OTHER INFORMATION





None.





ITEM
6 - EXHIBITS








Item
              No.
            Description
            Method of
      Filing31.1
            Certification
      of Frank Marshik  pursuant to Rule 13a-14(a)
            To
      be filed by amendment.32.1
            Chief
      Executive Officer and Chief Executive Officer Certification pursuant to 18
      U.S.C. § 1350 adopted pursuant to Section 906 of the Sarbanes Oxley Act of
      2002
            To
      be filed by amendment.





3




SIGNATURES





Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.








THE
      BLACKHAWK FUNDMay
      20, 2009
            /s/ Frank MarshikFrank
      MarshikChairman
      of the Board of Directors,
              President
      and Chief Executive Officer(Principal
      Executive Officer, Principal Financial Officer and Principal Accounting
      Officer)





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