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      <regStateConditional regCountry="US" regState="US-DE"/>
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        <name>SMALL CAP LIFEPATH</name>
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      <invstOrSec>
        <name>iShares TIPS Bond ETF</name>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Core MSCI Total International Stock ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RUSSEL 1000 LIFEPATH</name>
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          <other otherDesc="BlackRock Identifier" value="BRSC7UGQ6"/>
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        <fairValLevel>N/A</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares US Intermediate Credit Bond Index Fund/BlackRock</name>
        <lei>549300O3MDOP8OY9ZD36</lei>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
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        <name>iShares US Long Government Bond Index Fund/BlackRock</name>
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        <balance>27698506.21800000</balance>
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        <curCd>USD</curCd>
        <valUSD>240700019.03000000</valUSD>
        <pctVal>3.867476003915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>





    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds III</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
