-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VmAklEA0+5jsFH5HdiEJvmtklXgH0B7P8Bn8lrqOCPu1aHfEWeoRNXpqEHA451Uk
 oeXrLI2U01ILetrbEq8oZQ==

<SEC-DOCUMENT>0001438677-09-000002.txt : 20090408
<SEC-HEADER>0001438677-09-000002.hdr.sgml : 20090408
<ACCEPTANCE-DATETIME>20090407190208
ACCESSION NUMBER:		0001438677-09-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20090408
DATE AS OF CHANGE:		20090407
EFFECTIVENESS DATE:		20090408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO ABSOLUTE RETURN STRATEGY III ONSHORE FUND LLC
		CENTRAL INDEX KEY:			0001438677
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-119657
		FILM NUMBER:		09738590

	BUSINESS ADDRESS:	
		STREET 1:		C/O PACIFIC INVESTMENT MGMT CO LLC
		STREET 2:		840 NEWPORT CENTER DR, SUITE 100
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-720-6000

	MAIL ADDRESS:	
		STREET 1:		C/O PACIFIC INVESTMENT MGMT CO LLC
		STREET 2:		840 NEWPORT CENTER DR, SUITE 100
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001438677</cik>
        <entityName>PIMCO ABSOLUTE RETURN STRATEGY III ONSHORE FUND LLC</entityName>
        <issuerAddress>
            <street1>C/O PACIFIC INVESTMENT MGMT CO LLC</street1>
            <street2>840 NEWPORT CENTER DR, SUITE 100</street2>
            <city>NEWPORT BEACH</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92660</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>949-720-6000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <middleName>n/a</middleName>
                <lastName>Pacific Investment Management Company LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member of the Issuer (&quot;Managing Member&quot;)</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tammie</firstName>
                <middleName>J.</middleName>
                <lastName>Arnold</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Vineer</firstName>
                <middleName></middleName>
                <lastName>Bhansali</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sabrina</firstName>
                <middleName>C.</middleName>
                <lastName>Callin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Wendy</firstName>
                <middleName>W.</middleName>
                <lastName>Cupps</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Craig</firstName>
                <middleName>A.</middleName>
                <lastName>Dawson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chris</firstName>
                <middleName>P.</middleName>
                <lastName>Dialynas</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mohamed</firstName>
                <middleName>A.</middleName>
                <lastName>El-Erian</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>C.</middleName>
                <lastName>Flattum</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>H.</middleName>
                <lastName>Gross</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brent</firstName>
                <middleName>R.</middleName>
                <lastName>Harris</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brent</firstName>
                <middleName>L.</middleName>
                <lastName>Holden</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <middleName>J.</middleName>
                <lastName>Ivascyn</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lew</firstName>
                <middleName>W.</middleName>
                <lastName>Jacobs IV</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <middleName>R.</middleName>
                <lastName>Kiesel</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>C.</middleName>
                <lastName>Lown</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Scott</firstName>
                <middleName>A.</middleName>
                <lastName>Mather</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName>A.</middleName>
                <lastName>McCulley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Curtis</firstName>
                <middleName>A.</middleName>
                <lastName>Mewbourne</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>F.</middleName>
                <lastName>Muzzy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>J.</middleName>
                <lastName>Otterbein</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>C.</middleName>
                <lastName>Powers</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ernest</firstName>
                <middleName>L.</middleName>
                <lastName>Schmider</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jonathan</firstName>
                <middleName>D.</middleName>
                <lastName>Short</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>W.</firstName>
                <middleName>Scott</middleName>
                <lastName>Simon</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>M.</middleName>
                <lastName>Weil</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mihir</firstName>
                <middleName>P.</middleName>
                <lastName>Worah</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Changhong</firstName>
                <middleName></middleName>
                <lastName>Zhu</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-029835</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-08-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>154110000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>This is a continuous offering.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>PIMCO ABSOLUTE RETURN STRATEGY III ONSHORE FUND LLC</issuerName>
                <signatureName>/s/ Wendy Cupps</signatureName>
                <nameOfSigner>Wendy Cupps</nameOfSigner>
                <signatureTitle>Authorized Person of the Managing Member</signatureTitle>
                <signatureDate>2009-04-06</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----