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 811-07332 Name of Fund: BlackRock Funds III BlackRock Bond Index Fund BlackRock S&P 500 Stock Fund LifePath[R] Retirement Portfolio LifePath 2020 Portfolio[R] LifePath[R] 2025 Portfolio LifePath 2030 Portfolio[R] LifePath[R] 2035 Portfolio LifePath 2040 Portfolio[R] LifePath[R] 2045 Portfolio LifePath[R] 2050 Portfolio LifePath[R] 2055 Portfolio BlackRock Cash Funds: Institutional BlackRock Cash Funds: Prime BlackRock Cash Funds: Government BlackRock Cash Funds: Treasury Fund Address: 400 Howard Street, San Francisco, CA 94105 Name and address of agent for service: Anne Ackerley, Chief Executive Officer, BlackRock Funds III, 55 East 52(nd) Street, New York City, NY 10055. Registrant's telephone number, including area code: (800) 537-4942 Date of fiscal year end: 12/31 Date of reporting period: 07/01/2009 -- 06/30/2010 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 Funds III By: /s/ Anne Ackerley Anne Ackerley Chief Executive Officer of BlackRock Funds III Date: August 23, 2010 ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-07332 Reporting Period: 07/01/2009 - 06/30/2010 BlackRock Funds III ========================== BLACKROCK BOND INDEX FUND =========================== MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT ======================= BLACKROCK CASH FUNDS: GOVERNMENT ======================= MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT ===================== BLACKROCK CASH FUNDS: INSTITUTIONAL ====================== MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT ========================= BLACKROCK CASH FUNDS: PRIME ========================== MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT ======================== BLACKROCK CASH FUNDS: TREASURY ======================== MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT ========================= BLACKROCK S&P 500 STOCK FUND ========================= MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT =========================== LIFEPATH 2010 PORTFOLIO ============================ MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT =========================== LIFEPATH 2020 PORTFOLIO ============================ MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT =========================== LIFEPATH 2025 PORTFOLIO ============================ There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. =========================== LIFEPATH 2030 PORTFOLIO ============================ MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT =========================== LIFEPATH 2035 PORTFOLIO ============================ There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. =========================== LIFEPATH 2040 PORTFOLIO ============================ MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT =========================== LIFEPATH 2045 PORTFOLIO ============================ There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. =========================== LIFEPATH 2050 PORTFOLIO ============================ MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT =========================== LIFEPATH 2055 PORTFOLIO ============================ There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ======================== LIFEPATH RETIREMENT PORTFOLIO ========================= MASTER INVESTMENT PORTFOLIO Ticker: Security ID: N/A Meeting Date: NOV 20, 2009 Meeting Type: Special Record Date: SEP 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 01.1 TRUSTEE - DR. MATINA S. HORNER For For Management 01.2 TRUSTEE - CYNTHIA A MONTGOMERY For For Management 01.3 TRUSTEE - DAVID O. BEIM For For Management 01.4 TRUSTEE - RICHARD S. DAVIS For For Management 01.5 TRUSTEE - RONALD W. FORBES For For Management 01.6 TRUSTEE - HENRY GABBAY For For Management 01.7 TRUSTEE - RODNEY D. JOHNSON For For Management 01.8 TRUSTEE - HERBERT I. LONDON For For Management 01.9 TRUSTEE - JOSEPH P. PLATT For For Management 01.10 TRUSTEE - ROBERT C. ROBB, JR. For For Management 01.11 TRUSTEE - TOBY ROSENBLATT For For Management 01.12 TRUSTEE - KENNETH L. URISH For For Management 01.13 TRUSTEE - FREDERICK W. WINTER For For Management 02 APPROVAL OF INVESTMENT ADVISORY For For Management AGREEMENT ========== END NPX REPORT