SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

      DATE OF REPORT: (DATE OF EARLIEST EVENT REPORTED): March 23, 2006



                            THE BLACKHAWK FUND
                        --------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

        Nevada                      000-49672          88-0408213
-------------------------------  ---------------   -------------------
(State or other jurisdiction of   (Commission       (I.R.S. Employer
 incorporation or organization)    File Number)    Identification No.)

                        1802 N.Carson Street, Suite 212
                           Carson City, Nevada  89701
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                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                               (775) 887-0670
                     --------------------------------------
                            (ISSUER TELEPHONE NUMBER)

                                   (NONE)
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                            FORMER NAME AND ADDRESS















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ITEM  2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

The Blackhawk Fund purchased a real estate asset for $620,000 plus
closing costs. The property owned by The BlackHawk Fund is a
condominium located at 7227 Willet Circle, Carlsbad, Ca. 92009.
The Company purchased the property with a down payment of $128,507
and a mortgage loan of $496,000, which was personally guaranteed by
an Officer of The Company.

                          Signatures
                          ----------
Pursuant  to  the  requirement  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 FUN, Registrant
Date:  March 27, 2006           /s/ Brent Fouch
                                  -------------------------------------
                                  By: Brent Fouch, Secretary and Chief
                                      Financial Officer


















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