UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-08603 Name of Fund: BlackRock Debt Strategies Fund, Inc. (DSU) Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 Name and address of agent for service: Anne Ackerley, Chief Executive Officer, BlackRock Debt Strategies Fund, Inc., 40 East 52(nd) Street, New York City, NY 10022. Registrant's telephone number, including area code: (800) 882-0052, Option 4 Date of fiscal year end: 02/28 Date of reporting period: 07/01/2008 -- 06/30/2009 Item 1 -- Proxy Voting Record -- Attached hereto. Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BlackRock Debt Strategies Fund, Inc. By: /s/ Anne Ackerley Anne Ackerley Chief Executive Officer of BlackRock Debt Strategies Fund, Inc. Date: August 14, 2009 ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-08603 Reporting Period: 07/01/2008 - 06/30/2009 BlackRock Debt Strategies Fund, Inc. ===================== BLACKROCK DEBT STRATEGIES FUND, INC. ===================== AINSWORTH LUMBER CO LTD Ticker: ANS Security ID: 009037201 Meeting Date: MAY 13, 2009 Meeting Type: Annual/Special Record Date: APR 3, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert Chadwick For For Management 1.2 Elect Director Jay Gurandiano For For Management 1.3 Elect Director Paul Houston For For Management 1.4 Elect Director Richard Huff For For Management 1.5 Elect Director John Lacey For For Management 1.6 Elect Director Gordon Lancaster For For Management 1.7 Elect Director Jonathan I. Mishkin For For Management 2 Approve Deloitte & Touche LLP as For For Management Auditors and Authorize Board to Fix Their Remuneration 3 Approve Stock Option Plan For Against Management -------------------------------------------------------------------------------- AINSWORTH LUMBER CO LTD Ticker: ANS Security ID: C01023206 Meeting Date: MAY 13, 2009 Meeting Type: Annual/Special Record Date: APR 3, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert Chadwick For For Management 1.2 Elect Director Jay Gurandiano For For Management 1.3 Elect Director Paul Houston For For Management 1.4 Elect Director Richard Huff For For Management 1.5 Elect Director John Lacey For For Management 1.6 Elect Director Gordon Lancaster For For Management 1.7 Elect Director Jonathan I. Mishkin For For Management 2 Approve Deloitte & Touche LLP as For For Management Auditors and Authorize Board to Fix Their Remuneration 3 Approve Stock Option Plan For Against Management -------------------------------------------------------------------------------- BLACKROCK CORPORATE HIGH YIELD FUND VI INC Ticker: HYT Security ID: 09255P107 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management 1.6 Elect Director Richard S. Davis For For Management 1.7 Elect Director Frank J. Fabozzi For For Management 1.8 Elect Director James T. Flynn For For Management 1.9 Elect Director Karen P. Robards For For Management 1.10 Elect Director Richard E. Cavanagh For For Management 1.11 Elect Director Kathleen F. Feldstein For For Management 1.12 Elect Director Henry Gabbay For For Management 1.13 Elect Director Jerrold B. Harris For For Management -------------------------------------------------------------------------------- BLACKROCK ENHANCED DIVIDEND ACHIEVERS TRUST Ticker: BDJ Security ID: 09251A104 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK GLOBAL ENERGY AND RESOURCES TRUST Ticker: BGR Security ID: 09250U101 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK GLOBAL FLOATING RATE INCOME TRUST Ticker: BGT Security ID: 091941104 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK INTERNATIONAL GROWTH AND INCOME TRUST Ticker: BGY Security ID: 092524107 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK LIMITED DURATION INCOME TRUST Ticker: BLW Security ID: 09249W101 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK PREFERRED & EQUITY ADVANTAGE TRUST Ticker: BTZ Security ID: 092508100 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK PREFERRED INCOME STRATEGIES FUND INC Ticker: PSY Security ID: 09255H105 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director Robert S. Salomon, Jr. For For Management 1.5 Elect Director Richard S. Davis For For Management 1.6 Elect Director James T. Flynn For For Management 1.7 Elect Director Karen P. Robards For For Management 1.8 Elect Director Richard E. Cavanagh For For Management 1.9 Elect Director Kathleen F. Feldstein For For Management 1.10 Elect Director Henry Gabbay For For Management 1.11 Elect Director Jerrold B. Harris For For Management -------------------------------------------------------------------------------- DELTA AIR LINES, INC. Ticker: DAL Security ID: 247361702 Meeting Date: SEP 25, 2008 Meeting Type: Special Record Date: JUL 29, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1 Issue Shares in Connection with For For Management Acquisition 2 Amend Omnibus Stock Plan For For Management -------------------------------------------------------------------------------- DELTA AIR LINES, INC. Ticker: DAL Security ID: 247361702 Meeting Date: JUN 22, 2009 Meeting Type: Annual Record Date: APR 24, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director Richard H. Anderson For For Management 2 Elect Director Roy J. Bostock For For Management 3 Elect Director John S. Brinzo For For Management 4 Elect Director Daniel A. Carp For For Management 5 Elect Director John M. Engler For For Management 6 Elect Director Mickey P. Foret For For Management 7 Elect Director David R. Goode For For Management 8 Elect Director Paula Rosput Reynolds For For Management 9 Elect Director Kenneth C. Rogers For For Management 10 Elect Director Rodney E. Slater For For Management 11 Elect Director Douglas M. Steenland For For Management 12 Elect Director Kenneth B. Woodrow For For Management 13 Ratify Auditors For For Management 14 Provide for Cumulative Voting Against Against Shareholder -------------------------------------------------------------------------------- EXCO RESOURCES, INC. Ticker: XCO Security ID: 269279402 Meeting Date: JUN 4, 2009 Meeting Type: Annual Record Date: APR 16, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Douglas H. Miller For For Management 1.2 Elect Director Stephen F. Smith For For Management 1.3 Elect Director Jeffrey D. Benjamin For For Management 1.4 Elect Director Vincent J. Cebula For For Management 1.5 Elect Director Earl E. Ellis For For Management 1.6 Elect Director B. James Ford For For Management 1.7 Elect Director T. Boone Pickens For Withhold Management 1.8 Elect Director Jeffrey S. Serota For For Management 1.9 Elect Director Robert L. Stillwell For For Management 2 Amend Omnibus Stock Plan For For Management 3 Ratify Auditors For For Management -------------------------------------------------------------------------------- GENTEK INC. Ticker: GETI Security ID: 37245X203 Meeting Date: MAY 14, 2009 Meeting Type: Annual Record Date: MAR 16, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director Henry L. Druker For For Management 2 Elect Director Kathleen R. Flaherty For For Management 3 Elect Director John G. Johnson, Jr. For For Management 4 Elect Director John F. McGovern For For Management 5 Elect Director William E. Redmond, Jr. For Against Management 6 Elect Director Richard A. Rubin For For Management 7 Ratify Auditors For For Management -------------------------------------------------------------------------------- GEO SPECIALTY CHEMICALS INC. Ticker: GSCQ Security ID: 37246R205 Meeting Date: NOV 19, 2008 Meeting Type: Annual Record Date: OCT 20, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director Duncan H. Cocroft For For Management 2 Elect Director David L. Eaton For For Management 3 Elect Director Kenneth A. Ghazey For For Management 4 Elect Director Philip J. Gund For For Management 5 Elect Director Charles Macaluso For For Management 6 Elect Director Bradley E. Scher For For Management -------------------------------------------------------------------------------- LODGIAN, INC. Ticker: LGN Security ID: 54021P403 Meeting Date: APR 29, 2009 Meeting Type: Annual Record Date: MAR 12, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John W. Allison For For Management 1.2 Elect Director W. Blair Allen For For Management 1.3 Elect Director Stewart J. Brown For For Management 1.4 Elect Director Peter T. Cyrus For For Management 1.5 Elect Director Paul J. Garity For For Management 1.6 Elect Director Michael J. Grondahl For For Management 1.7 Elect Director Alex R. Lieblong For For Management 1.8 Elect Director Mark S. Oei For For Management 2 Approve Reverse Stock Split For Against Management 3 Ratify Auditors For For Management -------------------------------------------------------------------------------- LORAL SPACE & COMMUNICATIONS INC. Ticker: LORL Security ID: 543881106 Meeting Date: MAY 19, 2009 Meeting Type: Annual Record Date: APR 2, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mark H. Rachesky, M.D. For Withhold Management 1.2 Elect Director Hal Goldstein For Withhold Management 1.3 Elect Director Sai S. Devabhaktuni For Withhold Management 2 Approve Issuance of Voting and For For Management Non-Voting Common Stock and Eliminate Series of Preferred Stock 3 Increase Authorized Common Stock For For Management 4 Ratify Auditors For For Management -------------------------------------------------------------------------------- MEDIS TECHNOLOGIES LTD. Ticker: MDTL Security ID: 58500P107 Meeting Date: AUG 11, 2008 Meeting Type: Annual Record Date: JUL 1, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert K. Lifton For Withhold Management 1.2 Elect Director Howard Weingrow For Withhold Management 1.3 Elect Director Jacob S. Weiss For Withhold Management 1.4 Elect Director Amos Eiran For For Management 1.5 Elect Director Zeev Nahmoni For For Management 1.6 Elect Director Mitchell H. Freeman For For Management 1.7 Elect Director Steve M. Barnett For For Management 1.8 Elect Director Daniel A. Luchansky For For Management 1.9 Elect Director Andrew A. Levy For For Management 1.10 Elect Director Barry Newman For For Management 2 Increase Authorized Common Stock For For Management 3 Amend Omnibus Stock Plan For For Management 4 Ratify Auditors For For Management -------------------------------------------------------------------------------- MEDIS TECHNOLOGIES LTD. Ticker: MDTL Security ID: 58500P107 Meeting Date: DEC 23, 2008 Meeting Type: Special Record Date: NOV 26, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Authorized Common Stock For For Management 2 Increase Authorized Preferred Stock For For Management 3 Amend Omnibus Stock Plan For Against Management -------------------------------------------------------------------------------- NEENAH ENTERPRISES, INC. Ticker: NENA Security ID: 64007P103 Meeting Date: JAN 28, 2009 Meeting Type: Annual Record Date: DEC 26, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director William M. Barrett For For Management 1.2 Elect Director Albert E. Ferrara, Jr. For For Management 1.3 Elect Director David B. Gendell For For Management 1.4 Elect Director Stephen E.K. Graham For For Management 1.5 Elect Director Joseph V. Lash For Withhold Management 1.6 Elect Director Jeffrey G. Marshall For For Management 1.7 Elect Director Robert E. Ostendorf, For For Management Jr. 2 Ratify Auditors For For Management -------------------------------------------------------------------------------- SUNPOWER CORP. Ticker: SPWRA Security ID: 867652307 Meeting Date: MAY 8, 2009 Meeting Type: Annual Record Date: MAR 10, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Uwe-Ernst Bufe For For Management 1.2 Elect Director Pat Wood III For Withhold Management 2 Ratify Auditors For For Management ========== END NPX REPORT