-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001438677-10-000001.txt : 20100329
<SEC-HEADER>0001438677-10-000001.hdr.sgml : 20100329
<ACCEPTANCE-DATETIME>20100329164351
ACCESSION NUMBER:		0001438677-10-000001
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:		20100329
DATE AS OF CHANGE:		20100329
EFFECTIVENESS DATE:		20100329

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:		10711087

	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>
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        <cik>0001438677</cik>
        <entityName>PIMCO ABSOLUTE RETURN STRATEGY III ONSHORE FUND LLC</entityName>
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            <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>
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        <issuerPhoneNumber>(949) 720-6000</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
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        </industryGroup>
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            <newOrAmendment>
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        </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>
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        </investors>
        <salesCommissionsFindersFees>
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            <findersFees>
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        <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>Executive Officer of the Managing Member</signatureTitle>
                <signatureDate>2010-03-24</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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