BPP Blackrock Credit Allocation Income Trust Iii

000 B000000 10/31/2011
000 C000000 0001213169
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLK CREDIT ALLOCATION INCOME TRUST III
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001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
008 A000002 BLACKROCK FINANCIAL MANAGEMENT, INC.
008 B000002 S
008 C000002 801-48433
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10022
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. (COMMON)
012 B000001 85-11340
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
014 A000001 BLACKROCK CAPITAL MARKETS, LLC
014 B000001 8-67827
014 A000002 BLACKROCK EXECUTION SERVICES
014 B000002 8-48719
014 A000003 BLACKROCK FUND DISTRIBUTION COMPANY
014 B000003 8-67795
014 A000004 BLACKROCK INVESTMENTS, LLC

014 B000004 8-48436
014 A000005 HARRIS WILLIAMS LLC
014 B000005 8-53380
014 A000006 PNC CAPITAL MARKETS, INC.
014 B000006 8-32493
014 A000007 PNC INVESTMENTS LLC
014 B000007 8-66195
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
015 A000002 THE BANK OF NEW YORK MELLON
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10286
015 E010002 X
015 A000003 J.P. MORGAN CHASE BANK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10017
015 E010003 X
018 000000 Y
019 A000000 Y
019 B000000 288
019 C000000 BLKRKADVSR
020 A000001 BANK OF AMERICA CORP
020 B000001 56-0906609
020 C000001 9
020 A000002 CREDIT SUISSE
020 B000002 13-3442768
020 C000002 0
020 A000003 NOMURA INTERNATIONAL PLC - LONDON
020 C000003 0
020 A000004 CITIGROUP GLOBAL MARKETS, INC.
020 B000004 11-2418191
020 C000004 0
020 A000005 UBS SECURITIES LLC
020 B000005 13-3873456
020 C000005 0
020 A000006 JANNEY MONTGOMERY SCOTT LLC
020 B000006 23-0731260
020 C000006 0
021 000000 9
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 B000001 04-1867445
022 C000001 78867
022 D000001 110869

022 A000002 BARCLAYS CAPITAL INC.
022 B000002 13-3299429
022 C000002 59503
022 D000002 82103
022 A000003 DEUTSCHE BANK SECURITIES INC.
022 B000003 13-2730828
022 C000003 66779
022 D000003 69630
022 A000004 SWISS BANK CORP.
022 C000004 48601
022 D000004 86629
022 A000005 CREDIT SUISSE SECURITIES (USA) L.L.C.
022 B000005 13-5659485
022 C000005 37261
022 D000005 76502
022 A000006 J.P. MORGAN SECURITIES INC.
022 B000006 13-3299429
022 C000006 29031
022 D000006 16492
022 A000007 MORGAN STANLEY & CO INC
022 B000007 13-2655998
022 C000007 17720
022 D000007 18883
022 A000008 CITIGROUP GLOBAL MARKETS, INC.
022 B000008 11-2418191
022 C000008 22902
022 D000008 13254
022 A000009 BANK OF AMERICA CORP
022 B000009 56-0906609
022 C000009 25103
022 D000009 9415
022 A000010 BNP PARIBAS
022 C000010 3134
022 D000010 14001
023 C000000 426791
023 D000000 522825
024 000000 Y
025 A000001 MORGAN STANLEY & CO INC
025 B000001 13-2655998
025 C000001 D
025 D000001 2344
025 A000002 BNP PARIBAS
025 C000002 D
025 D000002 1386
025 A000003 BANK OF AMERICA CORP.
025 C000003 D
025 D000003 5736
025 A000004 BARCLAYS PLC
025 C000004 D
025 D000004 1681
025 A000005 JPMORGAN CHASE & CO

025 B000005 13-2624428
025 C000005 D
025 D000005 9212
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076 000000 10.53
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078 000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE CO
080 C000000 71150
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SIGNATURE NEAL J. ANDREWS
TITLE CFO