UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-PX

          ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

                  Investment Company Act file number: 811-21188

                   PIMCO California Municipal Income Fund III
               (Exact name of registrant as specified in charter)

                 1345 Avenue of the Americas, New York, NY 10105
                     (Address of Principal Executive Office)

                  Allianz Global Investors Fund Management LLC
                           1345 Avenue of the Americas
                               New York, NY 10105
                     (Name and Address of Agent for Service)

        Registrant's telephone number, including area code: 212-739-3000

                      Date of fiscal year end: September 30

          Date of reporting period: July 1, 2007 through June 30, 2008



ITEM 1.  PROXY VOTING RECORD

******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-21188
Reporting Period: 07/01/2007 - 06/30/2008
PIMCO California Municipal Income Fund III









================== PIMCO CALIFORNIA MUNICIPAL INCOME FUND III ==================
========== END NPX REPORT



SIGNATURES

     Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

(Registrant): PIMCO California Municipal Income Fund III


By (Signature and Title)*:           /s/  Thomas J. Fuccillo
                                     -------------------------------------------
                                     Name: Thomas J. Fuccillo
                                     Title: Secretary

Date: August 29, 2008

*    Print the name and title of each signing officer under his or her
     signature.