<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/nmfp2 eis_NMFP2_Filer.xsd" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ns1="http://www.sec.gov/edgar/common" xmlns:ns2="http://www.sec.gov/edgar/statecodes" xmlns:ns3="http://www.sec.gov/edgar/nmfp2common" xmlns="http://www.sec.gov/edgar/nmfp2">
  <headerData>
    <submissionType>N-MFP2</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000893818</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <notifications/>
      <notifications/>
      <notifications/>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo>
      <reportDate>2019-02-28</reportDate>
      <cik>0000893818</cik>
      <registrantLEIId>5493008LW2651I1QB503</registrantLEIId>
      <seriesId>S000004275</seriesId>
      <totalShareClassesInSeries>7</totalShareClassesInSeries>
      <finalFilingFlag>N</finalFilingFlag>
      <fundAcqrdOrMrgdWthAnthrFlag>N</fundAcqrdOrMrgdWthAnthrFlag>
    </generalInfo>
    <seriesLevelInfo>
      <securitiesActFileNumber>033-54126</securitiesActFileNumber>
      <adviser>
        <adviserName>BlackRock Fund Advisors</adviserName>
        <adviserFileNumber>801-22609</adviserFileNumber>
      </adviser>
      <indpPubAccountant>
        <name>PricewaterhouseCoopers</name>
        <city>New York</city>
        <stateCountry>NY</stateCountry>
      </indpPubAccountant>
      <administrator>
        <administratorName>BlackRock Institutional Trust Company, N.A.</administratorName>
      </administrator>
      <transferAgent>
        <name>State Street</name>
        <cik>0001145958</cik>
        <fileNumber>085-11329</fileNumber>
      </transferAgent>
      <feederFundFlag>Y</feederFundFlag>
      <masterFeederFund>
        <cik>0000915092</cik>
        <name>Money Market Master Portfolio</name>
        <seriesId>S000004283</seriesId>
      </masterFeederFund>
      <masterFundFlag>N</masterFundFlag>
      <seriesFundInsuCmpnySepAccntFlag>N</seriesFundInsuCmpnySepAccntFlag>
      <moneyMarketFundCategory>Prime</moneyMarketFundCategory>
      <fundExemptRetailFlag>N</fundExemptRetailFlag>
      <averagePortfolioMaturity>1</averagePortfolioMaturity>
      <averageLifeMaturity>1</averageLifeMaturity>
      <totalValueDailyLiquidAssets>
        <ns3:fridayDay1>15229825483.09</ns3:fridayDay1>
        <ns3:fridayDay2>13618592908.38</ns3:fridayDay2>
        <ns3:fridayDay3>15933028103.19</ns3:fridayDay3>
        <ns3:fridayDay4>12422321727.17</ns3:fridayDay4>
      </totalValueDailyLiquidAssets>
      <totalValueWeeklyLiquidAssets>
        <ns3:fridayWeek1>21850194838.90</ns3:fridayWeek1>
        <ns3:fridayWeek2>21134087844.48</ns3:fridayWeek2>
        <ns3:fridayWeek3>21343554339.37</ns3:fridayWeek3>
        <ns3:fridayWeek4>22002732200.21</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.00</ns3:fridayWeek5>
      </totalValueWeeklyLiquidAssets>
      <percentageDailyLiquidAssets>
        <ns3:fridayDay1>0.3294</ns3:fridayDay1>
        <ns3:fridayDay2>0.2892</ns3:fridayDay2>
        <ns3:fridayDay3>0.3403</ns3:fridayDay3>
        <ns3:fridayDay4>0.2555</ns3:fridayDay4>
      </percentageDailyLiquidAssets>
      <percentageWeeklyLiquidAssets>
        <ns3:fridayWeek1>0.4725</ns3:fridayWeek1>
        <ns3:fridayWeek2>0.4488</ns3:fridayWeek2>
        <ns3:fridayWeek3>0.4559</ns3:fridayWeek3>
        <ns3:fridayWeek4>0.4526</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </percentageWeeklyLiquidAssets>
      <cash>0.00</cash>
      <totalValuePortfolioSecurities>49032621981.90</totalValuePortfolioSecurities>
      <amortizedCostPortfolioSecurities>0.00</amortizedCostPortfolioSecurities>
      <totalValueOtherAssets>1754.06</totalValueOtherAssets>
      <totalValueLiabilities>94373758.23</totalValueLiabilities>
      <netAssetOfSeries>48938249977.73</netAssetOfSeries>
      <numberOfSharesOutstanding>48918897879.2200</numberOfSharesOutstanding>
      <stablePricePerShare>0.0000</stablePricePerShare>
      <sevenDayGrossYield>0.0274</sevenDayGrossYield>
      <netAssetValue>
        <ns3:fridayWeek1>1.0003</ns3:fridayWeek1>
        <ns3:fridayWeek2>1.0003</ns3:fridayWeek2>
        <ns3:fridayWeek3>1.0003</ns3:fridayWeek3>
        <ns3:fridayWeek4>1.0003</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetValue>
    </seriesLevelInfo>
    <classLevelInfo>
      <classesId>C000011988</classesId>
      <minInitialInvestment>500000.00</minInitialInvestment>
      <netAssetsOfClass>1.00</netAssetsOfClass>
      <numberOfSharesOutstanding>1.0000</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>1.0000</ns3:fridayWeek1>
        <ns3:fridayWeek2>1.0000</ns3:fridayWeek2>
        <ns3:fridayWeek3>1.0000</ns3:fridayWeek3>
        <ns3:fridayWeek4>1.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000011989</classesId>
      <minInitialInvestment>100000000.00</minInitialInvestment>
      <netAssetsOfClass>1.00</netAssetsOfClass>
      <numberOfSharesOutstanding>1.0000</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>0.0000</ns3:fridayWeek1>
        <ns3:fridayWeek2>0.0000</ns3:fridayWeek2>
        <ns3:fridayWeek3>0.0000</ns3:fridayWeek3>
        <ns3:fridayWeek4>0.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000011990</classesId>
      <minInitialInvestment>10000000.00</minInitialInvestment>
      <netAssetsOfClass>1.00</netAssetsOfClass>
      <numberOfSharesOutstanding>1.0000</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>0.0000</ns3:fridayWeek1>
        <ns3:fridayWeek2>0.0000</ns3:fridayWeek2>
        <ns3:fridayWeek3>0.0000</ns3:fridayWeek3>
        <ns3:fridayWeek4>0.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000011991</classesId>
      <minInitialInvestment>1000000.00</minInitialInvestment>
      <netAssetsOfClass>1.00</netAssetsOfClass>
      <numberOfSharesOutstanding>1.0000</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>1.0000</ns3:fridayWeek1>
        <ns3:fridayWeek2>1.0000</ns3:fridayWeek2>
        <ns3:fridayWeek3>1.0000</ns3:fridayWeek3>
        <ns3:fridayWeek4>1.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000011992</classesId>
      <minInitialInvestment>100000.00</minInitialInvestment>
      <netAssetsOfClass>1.00</netAssetsOfClass>
      <numberOfSharesOutstanding>1.0000</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>0.0000</ns3:fridayWeek1>
        <ns3:fridayWeek2>0.0000</ns3:fridayWeek2>
        <ns3:fridayWeek3>0.0000</ns3:fridayWeek3>
        <ns3:fridayWeek4>0.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000060671</classesId>
      <minInitialInvestment>25000000.00</minInitialInvestment>
      <netAssetsOfClass>1.00</netAssetsOfClass>
      <numberOfSharesOutstanding>1.0000</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>0.0000</ns3:fridayWeek1>
        <ns3:fridayWeek2>0.0000</ns3:fridayWeek2>
        <ns3:fridayWeek3>0.0000</ns3:fridayWeek3>
        <ns3:fridayWeek4>0.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000074119</classesId>
      <minInitialInvestment>1.00</minInitialInvestment>
      <netAssetsOfClass>48938249971.76</netAssetsOfClass>
      <numberOfSharesOutstanding>48918897873.2200</numberOfSharesOutstanding>
      <netAssetPerShare>
        <ns3:fridayWeek1>1.0003</ns3:fridayWeek1>
        <ns3:fridayWeek2>1.0003</ns3:fridayWeek2>
        <ns3:fridayWeek3>1.0003</ns3:fridayWeek3>
        <ns3:fridayWeek4>1.0003</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>3746737683.60</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>6148806292.42</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>4298674286.09</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>3892785680.47</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>3452191016.84</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>3425699668.73</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>3877273743.21</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>2531452969.78</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>17884516590.76</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>14670338367.31</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0265</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors, LLC: Advisor Fee- $840</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Money Market Master Portfolio</nameOfIssuer>
      <titleOfIssuer>Money Market Master Portfolio 0.000000%</titleOfIssuer>
      <cik>0000915092</cik>
      <investmentCategory>Investment Company</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <investmentMaturityDateWAM>2019-03-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2019-03-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2019-03-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>N</securityDemandFeatureFlag>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0000</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>49032621981.90</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>49032621981.90</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>1.0000</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <signature>
      <registrant>BlackRock Funds III</registrant>
      <signatureDate>2019-03-07</signatureDate>
      <signature>/s/ Neal J. Andrews</signature>
      <nameOfSigningOfficer>Neal J. Andrews</nameOfSigningOfficer>
      <titleOfSigningOfficer>Chief Financial Officer</titleOfSigningOfficer>
    </signature>
  </formData>
</edgarSubmission>
