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  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>RMIC</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001065698</cik>
          <ccc>XXXXXXXX</ccc>
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      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
      <periodOfReport>06/30/2025</periodOfReport>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptIncludeAllSeriesFlag>true</rptIncludeAllSeriesFlag>
      </reportSeriesClass>
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    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
        <name>MFS VARIABLE INSURANCE TRUST III</name>
        <phoneNumber>617-954-5000</phoneNumber>
        <address>
          <com:street1>111 Huntington Ave</com:street1>
          <com:street2>21St Floor</com:street2>
          <com:city>Boston</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02199</com:zipCode>
        </address>
      </reportingPerson>
      <reportInfo>
        <reportType>FUND VOTING REPORT</reportType>
      </reportInfo>
      <fileNumber>811-08879</fileNumber>
      <reportingSecFileNumber>811-08879</reportingSecFileNumber>
      <leiNumber>549300QPPZUNGK3D0K61</leiNumber>
      <explanatoryInformation>
        <explanatoryChoice>Y</explanatoryChoice>
        <explanatoryNotes>During the reporting period, the MFS Conservative Allocation Portfolio, the MFS Growth Allocation Portfolio, and the MFS Moderate Allocation Portfolio, each a series of the Registrant (collectively, the "top tier funds") voted at the November 14, 2024 shareholder meetings of certain other investment companies registered under the Investment Company Act of 1940, as amended, and sponsored by MFS (each, an "Underlying MFS Fund" and collectively, the "Underlying MFS Funds"). To address any potential conflicts of interest on the part of MFS that could arise from MFS voting shares of the MFS Underlying Funds on behalf of the top tier funds, MFS voted these Underlying MFS Fund shares in the same proportion as the other shareholders of the respective MFS Underlying Fund. Additionally, the top tier funds voted at the June 18, 2025 meeting of the MFS Growth Series, a series of MFS Variable Insurance Trust and MFS voted these shares in the same manner as described above (i.e., "mirror voting"). As a result, the voting record for these meetings will reflect a split vote. Columns 10 and 12 for an underlying fund reflect dollars of net asset value. Due to rounding the amounts in Column 12 may not total the amount in Column 10. Additionally, the amounts in columns 10 and 12 for the unanimous written consent of the shareholders of MFS Series Trust XIV-MFS Institutional Money Market Portfolio reflect dollars of net asset value.</explanatoryNotes>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <seriesPage>
      <seriesCount>9</seriesCount>
      <seriesDetails>
        <seriesReports>
          <idOfSeries>S000008069</idOfSeries>
          <nameOfSeries>MFS Global Real Estate Portfolio</nameOfSeries>
          <leiOfSeries>549300YBJ6K5SOLBY732</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000008071</idOfSeries>
          <nameOfSeries>MFS Blended Research Small Cap Equity Portfolio</nameOfSeries>
          <leiOfSeries>549300LCT4OBD7GTZH63</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000018843</idOfSeries>
          <nameOfSeries>MFS Mid Cap Value Portfolio</nameOfSeries>
          <leiOfSeries>549300DTS6NIQDMEIL78</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000018844</idOfSeries>
          <nameOfSeries>MFS Limited Maturity Portfolio</nameOfSeries>
          <leiOfSeries>549300278SPJGR06E765</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000023371</idOfSeries>
          <nameOfSeries>MFS Conservative Allocation Portfolio</nameOfSeries>
          <leiOfSeries>549300S8ONCJ2KJ3TE57</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000023372</idOfSeries>
          <nameOfSeries>MFS Moderate Allocation Portfolio</nameOfSeries>
          <leiOfSeries>549300YNZ1ETI5J97D47</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000023373</idOfSeries>
          <nameOfSeries>MFS Growth Allocation Portfolio</nameOfSeries>
          <leiOfSeries>54930042PRE3Y8FI7E86</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000023374</idOfSeries>
          <nameOfSeries>MFS New Discovery Value Portfolio</nameOfSeries>
          <leiOfSeries>549300X8U0YDKOFKNA72</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000023378</idOfSeries>
          <nameOfSeries>MFS Inflation Adjusted Bond Portfolio</nameOfSeries>
          <leiOfSeries>5493008RHGZT7FZTCC74</leiOfSeries>
        </seriesReports>
      </seriesDetails>
    </seriesPage>
    <signaturePage>
      <reportingPerson>MFS VARIABLE INSURANCE TRUST III</reportingPerson>
      <txSignature>David DiLorenzo</txSignature>
      <txPrintedSignature>David DiLorenzo</txPrintedSignature>
      <txTitle>President and Principal Executive Officer</txTitle>
      <txAsOfDate>08/28/2025</txAsOfDate>
    </signaturePage>
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