******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-08497
Reporting Period: 07/01/2009 - 06/30/2010
BlackRock Corporate High Yield Fund III, Inc.









================ BLACKROCK CORPORATE HIGH YIELD FUND III, INC. =================


AINSWORTH LUMBER CO LTD

Ticker:       ANS            Security ID:  009037201
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  APR 13, 2010

#     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       Withhold     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


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AINSWORTH LUMBER CO LTD

Ticker:       ANS            Security ID:  C01023206
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  APR 13, 2010

#     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       Withhold     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


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BANK OF AMERICA CORPORATION

Ticker:       BAC            Security ID:  060505104
Meeting Date: APR 28, 2010   Meeting Type: Annual
Record Date:  MAR 3, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Susan S. Bies            For       Against      Management
2     Elect Director William P. Boardman      For       Against      Management
3     Elect Director Frank P. Bramble, Sr.    For       Against      Management
4     Elect Director Virgis W. Colbert        For       Against      Management
5     Elect Director Charles K. Gifford       For       Against      Management
6     Elect Director Charles O. Holliday, Jr. For       Against      Management
7     Elect Director D. Paul Jones, Jr.       For       Against      Management
8     Elect Director Monica C. Lozano         For       Against      Management
9     Elect Director Thomas J. May            For       Against      Management
10    Elect Director Brian T. Moynihan        For       Against      Management
11    Elect Director Donald E. Powell         For       Against      Management
12    Elect Director Charles O. Rossotti      For       Against      Management
13    Elect Director Robert W. Scully         For       Against      Management
14    Ratify Auditors                         For       For          Management
15    Increase Authorized Common Stock        For       For          Management
16    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
17    Amend Omnibus Stock Plan                For       Against      Management
18    Report on Government Service of         Against   For          Shareholder
      Employees
19    TARP Related Compensation               Against   For          Shareholder
20    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
21    Advisory Vote to Ratify Named Executive Against   For          Shareholder
      Officers' Compensation
22    Adopt Policy on Succession Planning     Against   For          Shareholder
23    Report on Collateral in Derivatives     Against   For          Shareholder
      Trading
24    Claw-back of Payments under             Against   For          Shareholder
      Restatements


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BEAZER HOMES USA, INC.

Ticker:       BZH            Security ID:  07556Q105
Meeting Date: APR 13, 2010   Meeting Type: Annual
Record Date:  FEB 23, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Laurent Alpert           For       For          Management
1.2   Elect Director Brian C. Beazer          For       For          Management
1.3   Elect Director Peter G. Leemputte       For       For          Management
1.4   Elect Director Ian J. McCarthy          For       For          Management
1.5   Elect Director Norma A. Provencio       For       For          Management
1.6   Elect Director Larry T. Solari          For       For          Management
1.7   Elect Director Stephen P. Zelnak, Jr.   For       For          Management
2     Ratify Auditors                         For       For          Management
3     Increase Authorized Common Stock        For       For          Management
4     Approve Omnibus Stock Plan              For       For          Management


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CITIGROUP INC.

Ticker:       C              Security ID:  172967101
Meeting Date: APR 20, 2010   Meeting Type: Annual
Record Date:  FEB 25, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Alain J.P. Belda         For       For          Management
2     Elect Director Timothy C. Collins       For       For          Management
3     Elect Director Jerry A. Grundhofer      For       For          Management
4     Elect Director Robert L. Joss           For       For          Management
5     Elect Director Andrew N. Liveris        For       For          Management
6     Elect Director Michael E. O'Neill       For       For          Management
7     Elect Director Vikram S. Pandit         For       For          Management
8     Elect Director Richard D. Parsons       For       For          Management
9     Elect Director Lawrence R. Ricciardi    For       For          Management
10    Elect Director Judith Rodin             For       For          Management
11    Elect Director Robert L. Ryan           For       For          Management
12    Elect Director Anthony M. Santomero     For       For          Management
13    Elect Director Diana L. Taylor          For       For          Management
14    Elect Director William S. Thompson, Jr. For       For          Management
15    Elect Director Ernesto Zedillo          For       For          Management
16    Ratify Auditors                         For       For          Management
17    Amend Omnibus Stock Plan                For       For          Management
18    Amend Omnibus Stock Plan                For       For          Management
19    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
20    Amend NOL Rights Plan (NOL Pill)        For       For          Management
21    Approve Reverse Stock Split             For       For          Management
22    Affirm Political Non-Partisanship       Against   Against      Shareholder
23    Report on Political Contributions       Against   Against      Shareholder
24    Report on Collateral in Derivatives     Against   Against      Shareholder
      Trading
25    Amend Articles/Bylaws/Charter -- Call   Against   Against      Shareholder
      Special Meetings
26    Stock Retention/Holding Period          Against   Against      Shareholder
27    Reimburse Expenses Incurred by          Against   Against      Shareholder
      Stockholder in Contested Election of
      Directors


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E*TRADE FINANCIAL CORP.

Ticker:       ETFC           Security ID:  269246104
Meeting Date: AUG 19, 2009   Meeting Type: Special
Record Date:  JUN 26, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Increase Authorized Common Stock        For       For          Management
2     Approve Conversion of Securities        For       For          Management
3     Approve Conversion of Securities        For       Against      Management
4     Adjourn Meeting                         For       Against      Management
5     Advisory Vote to Retain Shareholder     None      Against      Management
      Rights Plan (Poison Pill) Until
      Scheduled Expiration


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E*TRADE FINANCIAL CORPORATION

Ticker:       ETFC           Security ID:  269246104
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Ronald D. Fisher         For       For          Management
2     Elect Director Steven J. Freiberg       For       For          Management
3     Elect Director Kenneth C. Griffin       For       For          Management
4     Elect Director Joseph M. Velli          For       For          Management
5     Elect Director Donna L. Weaver          For       For          Management
6     Approve Reverse Stock Split             For       For          Management
7     Amend Omnibus Stock Plan                For       For          Management
8     Ratify Auditors                         For       For          Management


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FIBERTOWER CORPORATION

Ticker:       FTWR           Security ID:  31567R209
Meeting Date: JUN 3, 2010    Meeting Type: Annual
Record Date:  APR 19, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Randall A. Hack          For       Withhold     Management
1.2   Elect Director Mark E. Holliday         For       For          Management
1.3   Elect Director Kurt J. Van Wagenen      For       For          Management
2     Approve Decrease in Size of Board       For       For          Management
3     Approve Omnibus Stock Plan              For       For          Management
4     Amend Omnibus Stock Plan                For       For          Management
5     Ratify Auditors                         For       For          Management


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GANNETT CO., INC.

Ticker:       GCI            Security ID:  364730101
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 5, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Craig A. Dubow           For       For          Management
1.2   Elect Director Howard D. Elias          For       For          Management
1.3   Elect Director Arthur H. Harper         For       For          Management
1.4   Elect Director John Jeffry Louis        For       For          Management
1.5   Elect Director Marjorie Magner          For       For          Management
1.6   Elect Director Scott K. McCune          For       For          Management
1.7   Elect Director Duncan M. McFarland      For       For          Management
1.8   Elect Director Donna E. Shalala         For       For          Management
1.9   Elect Director Neal Shapiro             For       For          Management
1.10  Elect Director Karen Hastie Williams    For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Omnibus Stock Plan                For       For          Management
4     Adopt Anti Gross-up Policy              Against   Against      Shareholder


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GRAY TELEVISION, INC.

Ticker:       GTN            Security ID:  389375106
Meeting Date: JUN 23, 2010   Meeting Type: Annual
Record Date:  APR 16, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Richard L. Boger         For       For          Management
1.2   Elect Director Ray M. Deaver            For       For          Management
1.3   Elect Director T.L. (Gene) Elder        For       For          Management
1.4   Elect Director Hilton H. Howell, Jr.    For       For          Management
1.5   Elect Director William E. Mayher, III   For       For          Management
1.6   Elect Director Zell B. Miller           For       For          Management
1.7   Elect Director Howell W. Newton         For       For          Management
1.8   Elect Director Hugh E. Norton           For       Withhold     Management
1.9   Elect Director Robert S. Prather, Jr.   For       For          Management
1.10  Elect Director Harriett J. Robinson     For       For          Management
1.11  Elect Director J. Mack Robinson         For       For          Management


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LEAR CORPORATION

Ticker:       LEA            Security ID:  521865204
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  MAR 22, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Ratify Auditors                         For       For          Management


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LORAL SPACE & COMMUNICATIONS INC.

Ticker:       LORL           Security ID:  543881106
Meeting Date: MAY 18, 2010   Meeting Type: Annual
Record Date:  APR 8, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John D. Harkey, Jr       For       Withhold     Management
1.2   Elect Director Arthur L. Simon          For       For          Management
1.3   Elect Director John P. Stenbit          For       For          Management
2     Ratify Auditors                         For       For          Management


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MASONITE INC.

Ticker:       MASWF          Security ID:  575387105
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 17, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Deloitte & Touche LLP as        For       Against      Management
      Auditors and Authorize Board to Fix
      Their Remuneration


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MEDIS TECHNOLOGIES LTD.

Ticker:       MDTL           Security ID:  58500P107
Meeting Date: SEP 14, 2009   Meeting Type: Annual
Record Date:  JUL 24, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Jose Mejia               For       Withhold     Management
1.2   Elect Director Zeev Nahmoni             For       For          Management
1.3   Elect Director Mitchell H. Freeman      For       For          Management
1.4   Elect Director Steve M. Barnett         For       For          Management
1.5   Elect Director Daniel A. Luchansky      For       For          Management
1.6   Elect Director Andrew A. Levy           For       For          Management
2     Ratify Auditors                         For       For          Management
3     Increase Authorized Common Stock        For       For          Management
4     Amend Omnibus Stock Plan                For       Against      Management


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PULTEGROUP, INC.

Ticker:       PHM            Security ID:  745867101
Meeting Date: MAY 12, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Thomas M. Schoewe        For       For          Management
1.2   Elect Director Timothy R. Eller         For       For          Management
1.3   Elect Director Clint W. Murchison III   For       For          Management
1.4   Elect Director Richard J. Dugas, Jr.    For       For          Management
1.5   Elect Director David N. McCammon        For       For          Management
1.6   Elect Director James J. Postl           For       For          Management
2     Declassify the Board of Directors       For       For          Management
3     Amend Stock Ownership Limitations       For       For          Management
4     Ratify Auditors                         For       For          Management
5     Require a Majority Vote for the         Against   Against      Shareholder
      Election of Directors
6     Require Independent Board Chairman      Against   Against      Shareholder
7     Performance-Based Equity Awards         Against   Against      Shareholder
8     Advisory Vote to Ratify Named Executive Against   Against      Shareholder
      Officers' Compensation
9     Stock Retention/Holding Period          Against   Against      Shareholder
10    Reimburse Expenses Incurred by          Against   Against      Shareholder
      Stockholder in Contested Election of
      Directors


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QWEST COMMUNICATIONS INTERNATIONAL INC.

Ticker:       Q              Security ID:  749121109
Meeting Date: MAY 12, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Edward A. Mueller        For       For          Management
2     Elect Director Charles L. Biggs         For       For          Management
3     Elect Director K. Dane Brooksher        For       For          Management
4     Elect Director Peter S. Hellman         For       For          Management
5     Elect Director R. David Hoover          For       For          Management
6     Elect Director Patrick J. Martin        For       For          Management
7     Elect Director Caroline Matthews        For       For          Management
8     Elect Director Wayne W. Murdy           For       For          Management
9     Elect Director Jan L. Murley            For       For          Management
10    Elect Director Michael J. Roberts       For       For          Management
11    Elect Director James A. Unruh           For       For          Management
12    Elect Director Anthony Welters          For       For          Management
13    Ratify Auditors                         For       For          Management
14    Amend Qualified Employee Stock Purchase For       For          Management
      Plan
15    Performance-Based Equity Awards         Against   Against      Shareholder
16    Advisory Vote to Ratify Named Executive Against   Against      Shareholder
      Officers' Compensation
17    Require Independent Board Chairman      Against   Against      Shareholder
18    Amend Articles/Bylaws/Charter -- Call   Against   Against      Shareholder
      Special Meetings


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SBA COMMUNICATIONS CORPORATION

Ticker:       SBAC           Security ID:  78388J106
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director George R. Krouse, Jr.    For       For          Management
1.2   Elect Director Kevin L. Beebe           For       For          Management
1.3   Elect Director Jack Langer              For       For          Management
1.4   Elect Director Jeffrey A. Stoops        For       For          Management
2     Ratify Auditors                         For       For          Management
3     Increase Authorized Common Stock        For       For          Management
4     Approve Omnibus Stock Plan              For       For          Management


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SINCLAIR BROADCAST GROUP, INC.

Ticker:       SBGI           Security ID:  829226109
Meeting Date: JUN 3, 2010    Meeting Type: Annual
Record Date:  MAR 5, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director David D. Smith           For       For          Management
1.2   Elect Director Frederick G. Smith       For       For          Management
1.3   Elect Director J. Duncan Smith          For       For          Management
1.4   Elect Director Robert E. Smith          For       For          Management
1.5   Elect Director Basil A. Thomas          For       For          Management
1.6   Elect Director Lawrence E. McCanna      For       For          Management
1.7   Elect Director Daniel C. Keith          For       Withhold     Management
1.8   Elect Director Martin R. Leader         For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Executive Incentive Bonus Plan    For       For          Management


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SOLUTIA INC.

Ticker:       SOA            Security ID:  834376501
Meeting Date: APR 21, 2010   Meeting Type: Annual
Record Date:  MAR 1, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director James P. Heffernan       For       For          Management
1.2   Elect Director W. Thomas Jagodinski     For       For          Management
1.3   Elect Director William C. Rusnack       For       For          Management
2     Ratify Auditors                         For       For          Management
3     Approve Omnibus Stock Plan              For       For          Management
4     Approve Executive Incentive Bonus Plan  For       For          Management
5     Adopt, Renew or Amend NOL Rights Plan   For       For          Management
      (NOL Pill)


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STANDARD PACIFIC CORP.

Ticker:       SPF            Security ID:  85375C101
Meeting Date: MAY 12, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Kenneth L. Campbell      For       For          Management
1.2   Elect Director Bruce A. Choate          For       For          Management
1.3   Elect Director James L. Doti            For       For          Management
1.4   Elect Director Ronald R. Foell          For       For          Management
1.5   Elect Director Douglas C. Jacobs        For       For          Management
1.6   Elect Director David J. Matlin          For       For          Management
1.7   Elect Director F. Patt Schiewitz        For       For          Management
1.8   Elect Director Peter Schoels            For       For          Management
2     Approve Stock/Cash Award to Executive   For       For          Management
3     Ratify Auditors                         For       For          Management
4     Adopt Quantitative GHG Goals for        Against   Against      Shareholder
      Products and Operations


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SUNPOWER CORPORATION

Ticker:       SPWRA          Security ID:  867652307
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 9, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director W. Steve Albrecht        For       Withhold     Management
1.2   Elect Director Betsy S. Atkins          For       Withhold     Management
2     Ratify Auditors                         For       For          Management


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WELLMAN HOLDINGS, INC.

Ticker:       WLM            Security ID:  949700108
Meeting Date: DEC 9, 2009    Meeting Type: Annual
Record Date:  OCT 15, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Mark J. Ruday            For       For          Management
2     Elect Director Charles Macaluso         For       For          Management
3     Elect Director Duncan H. Cocroft        For       For          Management
4     Elect Director Kenneth A. Ghazey        For       For          Management
5     Elect Director James D. Jackson         For       For          Management
6     Director Linda Koffenberger             For       For          Management


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WELLMAN HOLDINGS, INC.

Ticker:       WLM            Security ID:  949700AA6
Meeting Date: DEC 9, 2009    Meeting Type: Annual
Record Date:  OCT 15, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Charles Macaluso         For       For          Management
2     Elect Director Duncan H. Cocroft        For       For          Management
3     Elect Director Kenneth A. Ghazey        For       For          Management
4     Elect Director James D. Jackson         For       For          Management
5     Elect Director Linda Koffenberger       For       For          Management
6     Elect Director Ari M. Chaney            For       For          Management


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WELLMAN HOLDINGS, INC.

Ticker:       WLM            Security ID:  949700AB4
Meeting Date: DEC 9, 2009    Meeting Type: Annual
Record Date:  OCT 15, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Charles Macaluso         For       For          Management
2     Elect Director Duncan H. Cocroft        For       For          Management
3     Elect Director Kenneth A. Ghazey        For       For          Management
4     Elect Director James D. Jackson         For       For          Management
5     Elect Director Linda Koffenberger       For       For          Management


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WESTERN FOREST PRODUCTS INC.

Ticker:       WEF            Security ID:  958211203
Meeting Date: MAY 7, 2010    Meeting Type: Annual
Record Date:  MAR 29, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director James Arthurs            For       For          Management
1.2   Elect Director Lee Doney                For       For          Management
1.3   Elect Director Stephen Frasher          For       For          Management
1.4   Elect Director Dominic Gammiero         For       For          Management
1.5   Elect Director Cyrus Madon              For       Withhold     Management
1.6   Elect Director Pierre McNeil            For       Withhold     Management
1.7   Elect Director John B. Newman           For       Withhold     Management
2     Approve KPMG LLP as Auditors and        For       For          Management
      Authorize Board to Fix Their
      Remuneration

========== END NPX REPORT