EEF Blackrock Enhanced EQ Yld Fd

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 811-21722 Name of Fund: BlackRock Enhanced Equity Yield Fund, Inc. (EEF) Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Enhanced Equity Yield Fund, Inc., 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: 12/31/2008 Date of reporting period: 01/01/2008 – 03/31/2008 Item 1 – Schedule of Investments

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)						(Percentages shown are based on Net Assets)
Industry		Shares		Common Stocks				Value
Aerospace & Defense - 1.7%		7,100		General Dynamics Corp.				$ 591,927
		9,400		Honeywell International, Inc.				530,348
		4,000		L-3 Communications Holdings, Inc.				437,360
		19,600		Lockheed Martin Corp.				1,946,280
		29,700		Northrop Grumman Corp.				2,310,957
								5,816,872
Air Freight & Logistics - 1.3%		59,600		United Parcel Service, Inc. Class B				4,351,992
Auto Components - 0.2%		16,800		Johnson Controls, Inc.				567,840
Automobiles - 0.5%		91,500		General Motors Corp.				1,743,075
Beverages - 2.5%		21,800		Anheuser-Busch Cos., Inc.				1,034,410
		92,300		The Coca-Cola Co.				5,618,301
		25,600		PepsiCo, Inc.				1,848,320
								8,501,031
Biotechnology - 1.8%		51,500		Amgen, Inc. (a)				2,151,670
		11,600		Biogen Idec, Inc. (a)				715,604
		11,000		Celgene Corp. (a)				674,190
		8,600		Genzyme Corp. (a)				641,044
		40,000		Gilead Sciences, Inc. (a)				2,061,200
								6,243,708
Capital Markets - 2.3%		72,200		American Capital Strategies Ltd. (b)				2,466,352
		20,700		The Goldman Sachs Group, Inc.				3,423,573
		27,300		Lehman Brothers Holdings, Inc.				1,027,572
		18,600		Morgan Stanley				850,020
								7,767,517
Chemicals - 1.7%		6,300		Air Products & Chemicals, Inc.				579,600
		48,300		The Dow Chemical Co.				1,779,855
		47,600		E.I. du Pont de Nemours & Co.				2,225,776
		18,000		PPG Industries, Inc.				1,089,180
								5,674,411
Commercial Banks - 3.3%		15,400		BB&T Corp.				493,724
		17,700		Comerica, Inc.				620,916
		11,100		KeyCorp				243,645
		16,300		National City Corp.				162,185
		124,900		Regions Financial Corp.				2,466,775
		124,500		U.S. Bancorp				4,028,820
		54,200		Wachovia Corp.				1,463,400
		60,700		Wells Fargo & Co.				1,766,370
								11,245,835
Commercial Services &		6,400		Monster Worldwide, Inc. (a)				154,944
Supplies - 0.1%
Communications		15,971		Ciena Corp. (a)				492,386
Equipment - 3.1%		142,600		Cisco Systems, Inc. (a)				3,435,234
		52,100		Corning, Inc.				1,252,484
		132,500		Motorola, Inc.				1,232,250
		103,300		QUALCOMM, Inc.				4,235,300
								10,647,654

1

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)						(Percentages shown are based on Net Assets)
Industry		Shares		Common Stocks				Value
Computers &		26,400		Apple, Inc. (a)				$ 3,788,400
Peripherals - 3.2%		64,300		Dell, Inc. (a)				1,280,856
		61,600		EMC Corp. (a)				883,344
		43,400		Hewlett-Packard Co.				1,981,644
		19,100		International Business Machines Corp.				2,199,174
		33,600		SanDisk Corp. (a)				758,352
								10,891,770
Consumer Finance - 0.3%		11,500		American Express Co.				502,780
		23,700		Discover Financial Services, Inc.				387,969
								890,749
Containers & Packaging - 0.0%		1,500		Pactiv Corp. (a)				39,315
Diversified Financial		143,400		Bank of America Corp.				5,436,294
Services - 4.5%		3,949		CME Group, Inc.				1,852,476
		198,800		Citigroup, Inc.				4,258,296
		92,400		JPMorgan Chase & Co.				3,968,580
								15,515,646
Diversified Telecommunication		174,590		AT&T Inc.				6,686,797
Services - 3.8%		210,500		Citizens Communications Co.				2,208,145
		25,091		Embarq Corp.				1,006,149
		82,190		Verizon Communications, Inc.				2,995,826
								12,896,917
Electric Utilities - 1.4%		11,300		American Electric Power Co., Inc.				470,419
		5,600		Entergy Corp.				610,848
		19,100		Exelon Corp.				1,552,257
		25,300		FPL Group, Inc.				1,587,322
		8,600		FirstEnergy Corp.				590,132
								4,810,978
Electrical Equipment - 1.2%		51,200		Emerson Electric Co.				2,634,752
		26,000		Rockwell Automation, Inc.				1,492,920
								4,127,672
Electronic Equipment &		29,925		Tyco Electronics Ltd.				1,027,026
Instruments - 0.3%
Energy Equipment &		9,600		Baker Hughes, Inc.				657,600
Services - 2.6%		39,600		National Oilwell Varco, Inc. (a)				2,311,848
		13,297		Schlumberger Ltd.				1,156,839
		41,100		Smith International, Inc.				2,639,853
		16,930		Transocean, Inc.				2,288,936
								9,055,076
Food & Staples		43,720		CVS Caremark Corp.				1,771,097
Retailing - 2.0%		67,900		Wal-Mart Stores, Inc.				3,576,972
		38,800		Walgreen Co.				1,477,892
		4,600		Whole Foods Market, Inc.				151,662
								6,977,623
Food Products - 1.0%		16,600		ConAgra Foods, Inc.				397,570
		49,021		Kraft Foods, Inc.				1,520,141

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)						(Percentages shown are based on Net Assets)
Industry		Shares		Common Stocks				Value
		117,400		Sara Lee Corp.				$ 1,641,252
								3,558,963
Health Care Equipment &		13,800		Baxter International, Inc.				797,916
Supplies - 1.5%		18,400		Becton Dickinson & Co.				1,579,640
		44,046		Boston Scientific Corp. (a)				566,872
		29,925		Covidien Ltd.				1,324,181
		3,600		Medtronic, Inc.				174,132
		9,500		Zimmer Holdings, Inc. (a)				739,670
								5,182,411
Health Care Providers &		16,300		Aetna, Inc.				686,067
Services - 1.3%		18,200		Express Scripts, Inc. (a)				1,170,624
		25,200		Medco Health Solutions, Inc. (a)				1,103,508
		40,600		UnitedHealth Group, Inc.				1,395,016
								4,355,215
Hotels, Restaurants &		35,500		Carnival Corp.				1,437,040
Leisure - 2.7%		74,600		McDonald's Corp.				4,160,442
		87,200		Starbucks Corp. (a)				1,526,000
		39,400		Starwood Hotels & Resorts Worldwide, Inc.				2,038,950
		7,300		Wendy's International, Inc.				168,338
								9,330,770
Household Durables - 0.6%		1,900		Black & Decker Corp.				125,590
		22,700		Fortune Brands, Inc.				1,577,650
		23,000		Lennar Corp. Class A				432,630
								2,135,870
Household Products - 1.8%		88,742		The Procter & Gamble Co.				6,218,152
IT Services - 0.6%		40,300		Automatic Data Processing, Inc.				1,708,317
		12,800		Cognizant Technology Solutions Corp. (a)				369,024
								2,077,341
Industrial		38,500		3M Co.				3,047,275
Conglomerates - 5.0%		332,300		General Electric Co.				12,298,423
		14,800		Textron, Inc.				820,216
		21,825		Tyco International Ltd.				961,391
								17,127,305
Insurance - 3.2%		18,700		The Allstate Corp.				898,722
		40,700		American International Group, Inc.				1,760,275
		16,100		Hartford Financial Services Group, Inc.				1,219,897
		36,300		Lincoln National Corp.				1,887,600
		75,500		Marsh & McLennan Cos., Inc.				1,838,425
		62,000		The Progressive Corp.				996,340
		49,600		The Travelers Cos., Inc.				2,373,360
								10,974,619
Internet & Catalog		20,900		Amazon.com, Inc. (a)				1,490,170
Retail - 0.4%
Internet Software &		78,800		eBay, Inc. (a)				2,351,392
Services - 1.5%		5,930		Google, Inc. Class A (a)				2,611,987
								4,963,379

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)						(Percentages shown are based on Net Assets)
Industry		Shares		Common Stocks				Value
Leisure Equipment &		64,000		Eastman Kodak Co.				$ 1,130,880
Products - 0.3%
Life Sciences Tools &		12,000		Thermo Fisher Scientific, Inc. (a)				682,080
Services - 0.2%
Machinery - 1.7%		37,500		Caterpillar, Inc.				2,935,875
		29,600		Cummins, Inc.				1,385,872
		16,800		Deere & Co.				1,351,392
								5,673,139
Media - 2.1%		79,650		CBS Corp. Class B				1,758,672
		103,200		Comcast Corp. Class A				1,995,888
		60,600		The DIRECTV Group, Inc. (a)				1,502,274
		34,650		Viacom, Inc. Class B (a)				1,372,833
		18,300		Walt Disney Co.				574,254
								7,203,921
Metals & Mining - 1.4%		30,700		Alcoa, Inc.				1,107,042
		19,000		Allegheny Technologies, Inc.				1,355,840
		24,800		Freeport-McMoRan Copper & Gold, Inc. Class B				2,386,256
								4,849,138
Multi-Utilities - 1.5%		12,000		Ameren Corp.				528,480
		32,400		Consolidated Edison, Inc.				1,286,280
		16,400		Dominion Resources, Inc.				669,776
		68,400		Public Service Enterprise Group, Inc.				2,748,996
								5,233,532
Multiline Retail - 0.2%		8,500		Family Dollar Stores, Inc.				165,750
		9,700		Target Corp.				491,596
								657,346
Oil, Gas & Consumable		30,400		Anadarko Petroleum Corp. (c)				1,916,112
Fuels - 9.8%		9,700		Apache Corp.				1,171,954
		75,106		Chevron Corp.				6,411,048
		47,400		ConocoPhillips				3,612,354
		33,000		Devon Energy Corp.				3,442,890
		17,200		EOG Resources, Inc.				2,064,000
		132,700		Exxon Mobil Corp.				11,223,766
		22,800		Hess Corp.				2,010,504
		3,900		Marathon Oil Corp.				177,840
		15,600		Valero Energy Corp.				766,116
		15,000		XTO Energy, Inc.				927,900
								33,724,484
Paper & Forest		52,500		International Paper Co.				1,428,000
Products - 0.7%		14,200		MeadWestvaco Corp.				386,524
		8,000		Weyerhaeuser Co.				520,320
								2,334,844
Pharmaceuticals - 6.9%		23,200		Abbott Laboratories (c)				1,279,480
		120,000		Bristol-Myers Squibb Co.				2,556,000
		54,300		Eli Lilly & Co.				2,801,337

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)						(Percentages shown are based on Net Assets)
Industry		Shares		Common Stocks				Value
		105,200		Johnson & Johnson				$ 6,824,324
		85,800		Merck & Co., Inc.				3,256,110
		305,600		Pfizer, Inc.				6,396,208
		16,500		Wyeth				689,040
								23,802,499
Real Estate Investment Trusts		8,200		Equity Residential				340,218
(REITs) - 0.8%		60,500		Plum Creek Timber Co., Inc.				2,462,350
								2,802,568
Semiconductors &		39,100		Applied Materials, Inc.				762,841
Semiconductor		136,300		Intel Corp.				2,886,834
Equipment - 2.9%		39,400		Linear Technology Corp.				1,209,186
		54,400		Microchip Technology, Inc.				1,780,512
		57,700		National Semiconductor Corp.				1,057,064
		69,150		Nvidia Corp. (a)				1,368,479
		33,400		Texas Instruments, Inc.				944,218
								10,009,134
Software - 3.3%		41,500		Autodesk, Inc. (a)				1,306,420
		19,200		Electronic Arts, Inc. (a)				958,464
		238,500		Microsoft Corp.				6,768,630
		112,100		Oracle Corp. (a)				2,192,676
								11,226,190
Specialty Retail - 0.5%		64,800		Home Depot, Inc.				1,812,456
Textiles, Apparel & Luxury		11,900		Coach, Inc. (a)				358,785
Goods - 0.3%		8,500		VF Corp.				658,835
								1,017,620
Thrifts & Mortgage		28,300		Fannie Mae				744,856
Finance - 0.4%		20,200		Freddie Mac				511,464
		25,200		Washington Mutual, Inc.				259,560
								1,515,880
Tobacco - 2.3%		76,300		Altria Group, Inc. (c)				1,693,860
		76,300		Philip Morris International, Inc. (a)				3,859,254
		34,700		Reynolds American, Inc.				2,048,341
		4,100		UST, Inc.				223,532
								7,824,987
				Total Common Stocks (Cost - $342,025,538) - 92.7%				317,862,544
		Par
		(000)		Short-Term Securities
		43,285		BlackRock Liquidity Series, LLC Money Market Series,
				3.10% (d)(e)(f)				43,284,519
				Total Short-Term Securities
				(Cost - $43,284,519) - 12.6%				43,284,519
		Contracts		Options Purchased
Call Options Purchased		440		AT&T Inc., expiring July 2008 at $37.5				122,760
		30		Aetna, Inc., expiring July 2008 at $50				3,300
		40		Amazon.Com, Inc., expiring July 2008 at $80				20,400

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)				(Percentages shown are based on Net Assets)
Contracts		Options Purchased		Value

		60		Anadarko Petroleum Corp., expiring August 2008 at $60		$ 46,200
		70		Apple, Inc., expiring July 2008 at $150		83,125
		80		Autodesk, Inc., expiring July 2008 at $40		3,600
		70		Cummins, Inc., expiring June 2008 at $50		23,800
		30		Deere & Co., expiring June 2008 at $87.5		11,100
		100		eBay, Inc., expiring July 2008 at $30		26,800
		40		Electronic Arts, Inc., expiring June 2008 at $50		14,800
		100		Emerson Electric Co., expiring June 2008 at $55		14,250
		30		Express Scripts, Inc., expiring August 2008 at $65		17,850
		40		Freeport-McMoRan Copper & Gold, Inc. Class B,
				expiring August 2008 at $95		51,900
		50		Goldman Sachs Group, Inc., expiring July 2008 at $175		60,875
		40		Hess Corp., expiring August 2008 at $95		29,000
		90		Hewlett-Packard Co., expiring August 2008 at $45		40,050
		340		Intel Corp., expiring July 2008 at $20		82,790
		40		Johnson Controls, Inc., expiring July 2008 at $35		9,500
		50		Lehman Brothers Holdings, Inc., expiring July 2008 at $60		4,000
		10		Marathon Oil Corp., expiring July 2008 at $55		1,225
		30		MeadWestvaco Corp., expiring June 2008 at $30		2,250
		50		Medco Health Solutions, Inc., expiring July 2008 at $45		17,250
		170		Merck & Co., Inc., expiring July 2008 at $47.5		9,775
		270		Microsoft Corp., expiring July 2008 at $29		46,980
		60		National Oilwell Varco, Inc., expiring August 2008 at $60		41,100
		140		Nvidia Corp., expiring June 2008 at $25		10,500
		60		Rockwell Automation, Inc., expiring July 2008 at $60		19,500
		180		S&P 500 Listed Option, expiring April 2008 at $135		271,800
		125		S&P 500 Listed Option, expiring April 2008 at $137		103,750
		20		Schlumberger Ltd., expiring August 2008 at $90		13,900
		80		Smith International, Inc., expiring July 2008 at $62.5		58,800
		65		Texas Instruments, Inc., expiring July 2008 at $30		8,418
		20		Textron, Inc., expiring June 2008 at $60		4,350
		100		The Travelers Cos., Inc., expiring July 2008 at $50		26,500
		80		UnitedHealth Group, Inc., expiring June 2008 at $50		800
		30		Valero Energy Corp., expiring June 2008 at $60		3,165
		160		Verizon Communications, Inc., expiring July 2008 at $40		15,120
		70		Viacom, Inc. Class B, expiring June 2008 at $45		2,975
				Total Options Purchased
				(Premiums Paid - $1,663,074) - 0.4%		1,324,258
				Total Investments Before Options Written
				(Cost - $386,973,131*) - 105.7%		362,471,321
Call Options Written		880		AT&T Inc., expiring July 2008 at $40		(140,360)
		80		Amazon.Com, Inc., expiring July 2008 at $95		(14,240)
		120		Anadarko Petroleum Corp., expiring August 2008 at $65		(62,400)
		140		Apple, Inc., expiring July 2008 at $170		(77,350)

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)				(Percentages shown are based on Net Assets)
Contracts		Options Written				Value
140		Cummins, Inc., expiring June 2008 at $55				$ (26,250)
200		eBay, Inc., expiring July 2008 at $35				(18,500)
80		Electronic Arts, Inc., expiring June 2008 at $55				(13,800)
60		Express Scripts, Inc., expiring August 2008 at $75				(14,400)
80		Freeport-McMoRan Copper & Gold, Inc. Class B,
		expiring August 2008 at $110				(55,600)
100		Goldman Sachs Group, Inc., expiring July 2008 at $195				(55,500)
80		Hess Corp., expiring August 2008 at $110				(25,600)
180		Hewlett-Packard Co., expiring August 2008 at $50				(39,150)
680		Intel Corp., expiring July 2008 at $22.5				(79,560)
80		Johnson Controls, Inc., expiring July 2008 at $40				(6,000)
100		Medco Health Solutions, Inc., expiring July 2008 at $50				(16,750)
540		Microsoft Corp., expiring July 2008 at $32.5				(31,320)
120		National Oilwell Varco, Inc., expiring August 2008 at $70				(40,800)
120		Rockwell Automation, Inc., expiring July 2008 at $65				(18,900)
1,940		S&P 500 Listed Option, expiring April 2008 at $130				(8,128,600)
40		Schlumberger Ltd., expiring August 2008 at $100				(14,000)
160		Smith International, Inc., expiring July 2008 at $70				(65,600)
40		Textron, Inc., expiring June 2008 at $65				(3,800)
200		The Travelers Cos., Inc., expiring July 2008 at $55				(19,500)
		Total Options Written
		(Premiums Received - $9,374,165) - (2.6%)				(8,967,980)
		Total Investments, Net of Options Written
		(Cost - $377,598,966) - 103.1%				353,503,341
		Liabilities in Excess of Other Assets - (3.1%)				(10,580,716)
		Net Assets - 100.0%				$ 342,922,625

* The cost and unrealized appreciation (depreciation) of investments as of March 31, 2008, as computed for federal income tax purposes, were as follows:

Aggregate cost		$ 386,973,362
Gross unrealized appreciation		$ 22,036,141
Gross unrealized depreciation		(46,538,182)
Net unrealized depreciation		$ (24,502,041)

(a) Non-income producing security.

(b) Security, or a portion of security, is on loan.

(c) Security held as collateral in connection with open financial futures contracts. (d) Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:

		Net Activity		Interest
Affiliate		(000)		Income
BlackRock Liquidity Series, LLC
Money Market Series		$8,564		$294,666
(e) Represents the current yield as of report date.

(f) All or a portion of security was purchased with the cash proceeds from securities loans.

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BlackRock Enhanced Equity Yield Fund, Inc.
Schedule of Investments as of March 31, 2008 (Unaudited)						(Percentages shown are based on Net Assets)
• Financial futures contracts purchased as of March 31, 2008 were as follows:
				Expiration				Unrealized
Contracts		Issue		Date		Face Value		Appreciation
511		S & P 500 Index		June 2008		$33,632,492		$ 195,708

• For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.

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BlackRock Enhanced Equity Yield Fund, Inc.

	Effective January 1, 2008, the Enhanced Equity Yield Fund, Inc. (the “Fund”) adopted FASB Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”).
	FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:
		Level 1 – price quotations in active markets/exchanges for identical securities
		Level 2 – other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market–corroborated inputs)
		Level 3 – unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments)
	The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.
	The following table summarizes the inputs used as of March 31, 2008 in determining the fair valuation of the Fund’s investments:

Valuation		Investments in		Other Financial
Inputs		Securities		Instruments*
Level 1		$ 317,862,544		$(7,448,014)
Level 2		43,284,519		0
Level 3		0		0
Total		$ 361,147,063		$(7,448,014)

*Other financial instruments are derivative instruments, such as financial future contracts and options.

9

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EX-99. CERT CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Enhanced Equity Yield Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Enhanced Equity Yield Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. Date: May 22, 2008 /s/ Donald C. Burke Donald C. Burke Chief Executive Officer (principal executive officer) of BlackRock Enhanced Equity Yield Fund, Inc.

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EX-99. CERT CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Enhanced Equity Yield Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Enhanced Equity Yield Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. Date: May 22, 2008 /s/ Neal J. Andrews Neal J. Andrews Chief Financial Officer (principal financial officer) of BlackRock Enhanced Equity Yield Fund, Inc.

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