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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 rlZCPnYgqxHQ8JYXRzEmiw==

<SEC-DOCUMENT>9999999995-07-001037.txt : 20070328
<SEC-HEADER>9999999995-07-001037.hdr.sgml : 20070328
<ACCEPTANCE-DATETIME>20070328001517
ACCESSION NUMBER:		9999999995-07-001037
CONFORMED SUBMISSION TYPE:	EFFECT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070327
DATE AS OF CHANGE:		20070328
EFFECTIVENESS DATE:		20070327

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST TRUST STRATEGIC HIGH INCOME FUND III
		CENTRAL INDEX KEY:			0001380534
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-139549
		FILM NUMBER:		07722653

	BUSINESS ADDRESS:	
		STREET 1:		1001 WARRENVILLE ROAD, SUITE 300
		CITY:			LISLE
		STATE:			IL
		ZIP:			60532
		BUSINESS PHONE:		(630) 241-4141

	MAIL ADDRESS:	
		STREET 1:		1001 WARRENVILLE ROAD, SUITE 300
		CITY:			LISLE
		STATE:			IL
		ZIP:			60532
</SEC-HEADER>
<DOCUMENT>
<TYPE>EFFECT
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2007-03-27</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>14:14:00</finalEffectivenessDispTime>
        <form>N-2</form>
        <filer>
            <cik>0001380534</cik>
            <entityName>FIRST TRUST STRATEGIC HIGH INCOME FUND III</entityName>
            <fileNumber>333-139549</fileNumber>
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</XML>
</TEXT>
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