X0303 4 2011-06-06 0000883412 BLACKROCK MUNIYIELD QUALITY FUND III, INC MYI 0000070858 BANK OF AMERICA CORP /DE/ BANK OF AMERICA CORPORATE CENTER 100 N. TRYON STREET CHARLOTTE NC 28255 0 0 1 0 0001102113 BANK OF AMERICA NA BANK OF AMERICA CORPORATE CENTER 100 NORTH TRYON STREET CHARLOTTE NC 28255 0 0 1 0 0001453700 Blue Ridge Investments, L.L.C. 214 N. TRYON STREET CHARLOTTE NC 28255 0 0 1 0 0000728612 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 4 WORLD FINANCIAL CENTER NORTH TOWER NEW YORK NY 10080 0 0 1 0 Auction Rate Preferred 2011-06-06 4 J 0 652 D 0 I See Footnote Auction Rate Preferred 2011-06-07 4 J 0 831 D 0 I See Footnote The Auction Rate Preferred Shares ("Shares") reported in Table I represent Shares beneficially owned by Merrill Lynch, Pierce Fenner & Smith, Inc. ("MLPFS"), Bank of America, N.A. ("BANA") and Blue Ridge Investors, L.L.C. ("Blue Ridge"). MLPFS and BANA are wholly owned subsidiaries of Bank of America Corporation ("Bank of America") and Blue Ridge is a wholly owned subsidiary of BANA. Shares were called for redemption by the issuer at par value. The Shares reported herein represent Bank of America's combined holdings in multiple series of auction rate preferred securities of the issuer, which are treated herein as one class of securities in accordance with the Auction Rate Securities - Global Exemptive Relief no-action letter issued by the Securities and Exchange Commission on September 22, 2008. The transactions relate to CUSIPs 09254E871 and 09254E707. Bank of America Corporation and Bank of America, N.A., By: /s/ Michael Didovic, Title: Director 2011-06-08 Merrill Lynch, Pierce, Fenner & Smith Incorporated, By: /s/ Lawrence Emerson, Title: Attorney-In-Fact 2011-06-08 Blue Ridge Investments, L.L.C., By: /s/ John Hiebendahl, Title: SVP 2011-06-08