<SEC-DOCUMENT>0000844779-16-000197.txt : 20160927
<SEC-HEADER>0000844779-16-000197.hdr.sgml : 20160927
<ACCEPTANCE-DATETIME>20160927163129
ACCESSION NUMBER:		0000844779-16-000197
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20160731
FILED AS OF DATE:		20160927
DATE AS OF CHANGE:		20160927
EFFECTIVENESS DATE:		20160927

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0000890393
		IRS NUMBER:				223196060
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07080
		FILM NUMBER:		161904725

	BUSINESS ADDRESS:	
		STREET 1:		800 SCUDDERS MILL RD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		6092825284

	MAIL ADDRESS:	
		STREET 1:		800 SCUDDERS MILL RD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD MICHIGAN INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD MICHIGAN INSURED FUND INC
		DATE OF NAME CHANGE:	20020620

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD MICHIGAN INSURED FUND II INC
		DATE OF NAME CHANGE:	20020620
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
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001 A000000 BLK MUNIYIELD MICHIGAN QUALITY FUND, INC.
001 B000000 811-07080
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014 A000003 HARRIS WILLIAMS LLC
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<PAGE>      PAGE  2
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SIGNATURE   NEAL J. ANDREWS
TITLE       CFO

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>2
<FILENAME>mich77o.txt
<TEXT>
<PAGE>

                                                               [LOGO] BLACKROCK
Rule 10f-3 Transaction Form

Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
   BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

<TABLE>
<C>                             <S>
Date of Offering Commencement:  12-03-2015
Security Type:                  BND/MUNI
</TABLE>

<TABLE>
<C>                        <S>
Issuer                     Michigan Finance Authority local Government loan Program Revenue Bonds, Series 2015D-1

Selling Underwriter        Citigroup Global Markets Inc

Affiliated Underwriter(s)  [X] PNC Capital Markets LLC
                           [_] Other:

List of Underwriter(s)     Citigroup Global Markets Inc., Bank of America Merrill Lynch, Barclays Capital Inc, J.P.Morgan
                           Securities LLC, PNC Capital Markets LLC, Loop Capital Markets LLC, Piper Jaffray & Co.
</TABLE>

TRANSACTION DETAILS

<TABLE>
<C>               <S>
Date of Purchase      12-03-2015
</TABLE>

<TABLE>
<S>                     <C>      <C>                                 <C>
Purchase Price/Share    $112.685 Total Commission, Spread or Profit  0.537
(PER SHARE / % OF PAR)  $112.425
                        $111.994
</TABLE>

<TABLE>
<S>                                                                                 <C>
1. Aggregate Principal Amount Purchased (a+b)                                       $ 3,600,000
                                                                                    -----------
   a. US Registered Funds (Appendix attached with individual Fund/Client purchase)  $ 3,600,000
                                                                                    -----------
   b. Other BlackRock Clients                                                               N/A
                                                                                    -----------
2. Aggregate Principal Amount of Offering                                           $89,430,000
                                                                                    -----------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                                 0.040255
                                                                                    -----------
</TABLE>

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                              [LOGO] BLACKROCK

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_]U.S. Registered Public Offering.. [Issuer must have 3 years of continuous
                                     operations]
[_]Eligible Rule 144A Offering...... [Issuer must have 3 years of continuous
                                     operations]
[X]Eligible Municipal Securities
[_]Eligible Foreign Offering........ [Issuer must have 3 years of continuous
                                     operations]
[_]Government Securities Offering... [Issuer must have 3 years of continuous
                                     operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X]The securities were purchased before the end of the first day on which
   any sales were made, at a price that was not more than the price paid
   by each other purchaser of securities in that offering or in any
   concurrent offering of the securities; and

[_]If the securities are offered for subscription upon exercise of rights,
   the securities were purchased on or before the fourth day before the
   day on which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

<TABLE>
<C>  <C>  <S>
[X]  YES  The securities were offered pursuant to an underwriting or similar
[_]  NO   agreement under which the underwriters were committed to purchase all
          of the securities being offered, except those purchased by others
          pursuant to a rights offering, if the underwriters purchased any of
          the securities.
</TABLE>

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

<TABLE>
<C>  <C> <S>
[X]  YES No affiliated underwriter was a direct or indirect participant in, or
[_]  NO  benefited directly or indirectly from, the transaction.
</TABLE>

<TABLE>
<C>            <S>                                                <C>
Completed by:  Dipankar Banerjee                                  Date:12-05-15
               -------------------------------------------------
               Global Syndicate Team Member

Approved by:   Steven Delaura                                     Date:12-05-15
               -------------------------------------------------
               Global Syndicate Team Member
</TABLE>

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

DEFINITIONS

                TERM                                DEFINITION
Fund Ratio                             Number appearing at the bottom of
                                       page 1 of 2 of the Rule 10f-3 Report
                                       form. It is the sum of the Funds'
                                       participation in the offering by the
                                       Funds and other accounts managed by
                                       BlackRock divided by the total amount
                                       of the offering.

Eligible Foreign Offering              Thesecurities are sold in a public
                                          offering conducted under the laws
                                          of a country other than the United
                                          States and

                                       (a)the offering is subject to
                                          regulation in such country by a
                                          "foreign financial regulatory
                                          authority," as defined in Section
                                          2(a)(50) of the Investment Company
                                          Act of 1940;

                                       (b)the securities were offered at a
                                          fixed price to all purchasers in
                                          the offering (except for any
                                          rights to purchase securities that
                                          are required by law to be granted
                                          to existing security holders of
                                          the issuer);

                                       (c)financial statements, prepared and
                                          audited as required or permitted
                                          by the appropriate foreign
                                          financial regulatory authority in
                                          such country, for the two years
                                          prior to the offering, were made
                                          available to the public and
                                          prospective purchasers in
                                          connection with the offering; and

                                       (d)if the issuer is a "domestic
                                          issuer," i.e., other than a
                                          foreign government, a national of
                                          any foreign country, or a
                                          corporation or other organization
                                          incorporated or organized under
                                          the laws of any foreign country,
                                          it (1) has a class of securities
                                          registered pursuant to section
                                          12(b) or 12(g) of the Securities
                                          Exchange Act of 1934 or is
                                          required to file reports pursuant
                                          to section 15(d) of that act, and
                                          (2) has filed all the material
                                          required to be filed pursuant to
                                          section 13(a) or 15(d) of that act
                                          for a period of at least 12 months
                                          immediately preceding the sale of
                                          securities (or for such shorter
                                          period that the issuer was
                                          required to file such material)

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


                TERM                                DEFINITION
Eligible Municipal Securities          Thesecurities:

                                       (a)are direct obligations of, or
                                          obligations guaranteed as to
                                          principal or interest by, a State
                                          or any political subdivision
                                          thereof, or any agency or
                                          instrumentality of a State or any
                                          political subdivision thereof, or
                                          any municipal corporate
                                          instrumentality of one or more
                                          States, or any security which is
                                          an industrial development bond (as
                                          defined in section 103(c)(2) of
                                          Title 26) the interest on which is
                                          excludable from gross income under
                                          certain provisions of the Internal
                                          Revenue Code;

                                       (b)are sufficiently liquid that they
                                          can be sold at or near their
                                          carrying value within a reasonably
                                          short period of time; and

                                       (c)either

                                           (1)are subject to no greater than
                                              moderate credit risk; or

                                           (2)if the issuer of the municipal
                                              securities, or the entity
                                              supplying the revenues or
                                              other payments from which the
                                              issue is to be paid, has been
                                              in continuous operation for
                                              less than three years,
                                              including the operation of any
                                              predecessors, the securities
                                              are subject to a minimal or
                                              low amount of credit risk.

                                       Also, purchases of municipal
                                       securities may not be designated as
                                       group sales or otherwise allocated to
                                       the account of any prohibited seller
                                       (i.e., an affiliated underwriter).

Eligible Rule 144A Offering            The securities are sold in an
                                       offering where

                                       (a)the securities are offered or sold
                                          in transactions exempt from
                                          registration under Section 4(2) of
                                          the Securities Act of 1933, Rule
                                          144A thereunder, or Rules 501-508
                                          thereunder;

                                       (b)the securities were sold to
                                          persons that the seller and any
                                          person acting on behalf of the
                                          seller reasonably believe to
                                          include qualified institutional
                                          buyers, as defined in Rule 144A
                                          ("QIBs"); and

                                       (c)the seller and any person acting
                                          on behalf of the seller reasonably
                                          believe that the securities are
                                          eligible for resale to other QIBs
                                          pursuant to Rule 144A.

Government Securities Offering         The security is issued or guaranteed
                                       as to principal or interest by the
                                       United States, or by a person
                                       controlled or supervised by and
                                       acting as an instrumentality of the
                                       Government of the United States
                                       pursuant to authority granted by the
                                       Congress of the United States; or any
                                       certificate of deposit for any of the
                                       foregoing.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


                TERM                                DEFINITION
U.S. Registered Public Offering.       The securities offered are registered
                                       under the Securities Act of 1933 that
                                       are being offered to the public.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77I NEW SECUR
<SEQUENCE>3
<FILENAME>miy77i.txt
<TEXT>
<PAGE>

          BlackRock MuniYield Michigan Quality Fund, Inc.(the "Fund")
                              File No. 811-07080
        Item No. 77I (Terms of New or Amended Securities) -- Attachment

A copy of the Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>4
<FILENAME>miy77q1a.txt
<TEXT>
<PAGE>

          BlackRock MuniYield Michigan Quality Fund, Inc.(the "Fund")
                              File No. 811-07080
  Item No. 77Q1(a) (Copies of Material Amendments to Registrant's Charter or
                            By-laws) -- Attachment

Attached please find as an exhibit under Sub-Item 77Q1(a) of Form N-SAR, a copy
of the Fund's Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares filed with the books and records of the
Fund on June 7, 2016.

                                      1

<PAGE>

                                                                Exhibit 77Q1(a)

                BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC.
                                 (THE "FUND")
                                  SERIES W-7
             VARIABLE RATE DEMAND PREFERRED SHARES ("VRDP SHARES")

                             CUSIP NO. 09254V600*

                  AMENDMENT TO NOTICE OF SPECIAL RATE PERIOD

                                          June 7, 2016

                                          BlackRock MuniYield Michigan Quality
                                          Fund, Inc.
                                          100 Bellevue Parkway
                                          Wilmington, Delaware 19809

TO: Addressees listed on Schedule 1 hereto

   In accordance with the Fund's Articles Supplementary Establishing and Fixing
the Rights and Preferences of Variable Rate Demand Preferred Shares, dated
April 20, 2011 (the "ARTICLES SUPPLEMENTARY"), the Fund hereby notifies the
Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares
that the last day of the Special Rate Period has been extended from June 22,
2016 to June 21, 2017 in accordance with the terms of the Notice of Special
Rate Period, dated June 20, 2012 (the "NOTICE OF SPECIAL RATE PERIOD").

   The last day of the Special Rate Period shall be June 21, 2017, or such
later date as the Special Rate Period may be extended pursuant to the terms of
the Notice of Special Rate Period.

   Capitalized terms used but not defined in this Amendment to Notice of
Special Rate Period shall have the meanings given to such terms in the Articles
Supplementary and the Notice of Special Rate Period.

                           [Signature Page Follows]

--------
* NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible
  for the selection or use of the CUSIP Numbers selected, nor is any
  representation made as to its correctness indicated in any notice or as
  printed on any VRDP Share certificate. It is included solely as a convenience
  to Holders of VRDP Shares.

                                      2

<PAGE>

IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special Rate
Period as of the date first written above.

                                             BLACKROCK MUNIYIELD MICHIGAN
                                             QUALITY FUND, INC.

                                             By:  /s/ Jonathan Diorio
                                                  ------------------------------
                                                  Name:  Jonathan Diorio
                                                  Title: Vice President

                                      3

<PAGE>

                                                                     SCHEDULE 1

               RECIPIENTS OF THIS NOTICE OF SPECIAL RATE PERIOD

Citibank, N.A.
390 Greenwich Street, 2nd Floor
New York, New York 10013
Attention: MSD Middle Office Manager
Telephone: (212) 723-6320
Fax: (212) 723-8642
Email: msdcititob@citi.com

Citigroup Global Markets Inc.
390 Greenwich Street
New York, New York 10013
Attention: Middle Office Manager
Telephone: (212) 723-7124
Fax: (212) 723-8642
Email: msdcititob@citi.com

The Depository Trust Company
LensNotice@dtcc.com
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>5
<FILENAME>miy77q1d.txt
<TEXT>
<PAGE>

          BlackRock MuniYield Michigan Quality Fund, Inc.(the "Fund")
                              File No. 811-07080
    Item No. 77Q1(d) (Copies of All Constituent Instruments Referred to in
                          Sub-Item 77I) -- Attachment

A copy of the Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>6
<FILENAME>myi77b.txt
<TEXT>
<PAGE>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE SHAREHOLDERS AND BOARD OF DIRECTORS OF BLACKROCK MUNIHOLDINGS CALIFORNIA
QUALITY FUND, INC., BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC., AND
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC.; AND TO THE SHAREHOLDERS AND
BOARD OF TRUSTEES OF BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND AND BLACKROCK
MUNIYIELD PENNSYLVANIA QUALITY FUND:

In planning and performing our audits of the financial statements of BlackRock
MuniHoldings California Quality Fund, Inc., BlackRock MuniHoldings New Jersey
Quality Fund, Inc., BlackRock MuniYield Michigan Quality Fund, Inc., BlackRock
MuniYield Investment Quality Fund and BlackRock MuniYield Pennsylvania Quality
Fund (collectively, the "Funds"), as of and for the year ended July 31, 2016,
in accordance with the standards of the Public Company Accounting Oversight
Board (United States), we considered the Funds' internal control over financial
reporting, including controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, but
not for the purpose of expressing an opinion on the effectiveness of the Funds'
internal control over financial reporting. Accordingly, we express no such
opinion.

The management of the Funds is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A fund's internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. A fund's internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the fund; (2)
provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the fund
are being made only in accordance with authorizations of management and
directors/trustees of the fund; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a fund's assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Funds' annual or interim financial statements will not be prevented or detected
on a timely basis.

Our consideration of the Funds' internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States). However, we noted no deficiencies
in the Funds' internal control over financial reporting and its operation,
including controls for safeguarding securities, that we consider to be a
material weakness, as defined above, as of July 31, 2016.

This report is intended solely for the information and use of management and
the Board of Directors/Trustees of BlackRock MuniHoldings California Quality
Fund, Inc., BlackRock MuniHoldings New Jersey Quality Fund, Inc., BlackRock
MuniYield Investment Quality Fund., BlackRock MuniYield Michigan Quality Fund,
Inc., & BlackRock MuniYield Pennsylvania Quality Fund., and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.

/s/ Deloitte & Touche LLP
Boston, Massachusetts
September 26, 2016
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>7
<FILENAME>wayserd77o.txt
<TEXT>
<PAGE>

                                                                        [LOGO]
                                                                     BLACKROCK
Rule 10f-3 Transaction Form

Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
   BlackRock Allocation Target Shares : Series E Portfolio (BATSE)
   BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
   (BR-NATL)
   BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of Offering Commencement:  09-23-2015

Security Type:                  BND/MUNI

Issuer                          WAYNE COUNTY Revenue Bonds Series 2015D

Selling Underwriter             Citigroup Global Markets Inc

Affiliated Underwriter(s)       [X] PNC Capital Markets LLC
                                [_] Other:

List of Underwriter(s)          Citigroup Global Markets Inc, J.P. Morgan
                                Securities LLC, Bank of America Merrill
                                Lynch, PNC Capital Markets LLC, Loop Capital
                                Markets, Siebert Brandford Shank & Co.,
                                Wells Fargo Securities

TRANSACTION DETAILS

Date of Purchase      09-23-2015

<TABLE>
<S>                     <C>       <C>                                 <C>
Purchase Price/Share    $108.255, Total Commission, Spread or Profit  0.1045%
(PER SHARE / % OF PAR)  $107.651,
</TABLE>

<TABLE>
<S>                                                               <C>
1. Aggregate Principal Amount Purchased (a+b)                     $ 13,000,000
                                                                  ------------
    a. US Registered Funds
       (Appendix attached with individual Fund/Client purchase)   $ 13,000,000
                                                                  ------------
    b. Other BlackRock Clients                                             N/A
                                                                  ------------
2. Aggregate Principal Amount of Offering                         $213,330,000
                                                                  ------------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                  0.0609
                                                                  ------------
</TABLE>

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):
<TABLE>
<S>                                      <C>

[_] U.S. Registered Public Offering..... [Issuer must have 3 years of continuous
                                         operations]
[_] Eligible Rule 144A Offering......... [Issuer must have 3 years of continuous
                                         operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering........... [Issuer must have 3 years of continuous
                                         operations]
[_] Government Securities Offering...... [Issuer must have 3 years of continuous
                                         operations]
</TABLE>

TIMING AND PRICE (CHECK ONE OR BOTH)

<TABLE>
<S><C>
[X]The securities were purchased before the end of the first day on which any sales
   were made, at a price that was not more than the price paid by each other
   purchaser of securities in that offering or in any concurrent offering of the
   securities; and

[_]If the securities are offered for subscription upon exercise of rights, the
   securities were purchased on or before the fourth day before the day on which the
   rights offering terminated.
</TABLE>

FIRM COMMITMENT OFFERING (CHECK ONE)

<TABLE>
<C>  <C>  <S>
[X]  YES  The securities were offered pursuant to an underwriting or similar agreement under
[_]  NO   which the underwriters were committed to purchase all of the securities being
          offered, except those purchased by others pursuant to a rights offering, if the
          underwriters purchased any of the securities.
</TABLE>

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

<TABLE>
<C>  <C> <S>
[X]  YES No affiliated underwriter was a direct or indirect participant in, or benefited
[_]  NO  directly or indirectly from, the transaction.
</TABLE>

<TABLE>
<C>            <S>                                             <C>
Completed by:  Dipankar Banerjee                               Date: 10-06-2015
               ----------------------------------------------
               Global Syndicate Team Member

Approved by:   Betsy Mathews, Steven DeLaura                   Date: 10-06-2015
               ----------------------------------------------
               Global Syndicate Team Member
</TABLE>

DEFINITIONS

TERM                                                DEFINITION
Fund Ratio                             Number appearing at the bottom of
                                       page 1 of 2 of the Rule 10f-3 Report
                                       form. It is the sum of the Funds'
                                       participation in the offering by the
                                       Funds and other accounts managed by
                                       BlackRock divided by the total amount
                                       of the offering.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

TERM                                                DEFINITION
Eligible Foreign Offering              The securities are sold in a public
                                       offering conducted under the laws of
                                       a country other than the United
                                       States and
                                       (a)the offering is subject to
                                          regulation in such country by a
                                          "foreign financial regulatory
                                          authority," as defined in Section
                                          2(a)(50) of the Investment Company
                                          Act of 1940;
                                       (b)the securities were offered at a
                                          fixed price to all purchasers in
                                          the offering (except for any
                                          rights to purchase securities that
                                          are required by law to be granted
                                          to existing security holders of
                                          the issuer);
                                       (c)financial statements, prepared and
                                          audited as required or permitted
                                          by the appropriate foreign
                                          financial regulatory authority in
                                          such country, for the two years
                                          prior to the offering, were made
                                          available to the public and
                                          prospective purchasers in
                                          connection with the offering; and
                                       (d)if the issuer is a "domestic
                                          issuer," i.e., other than a
                                          foreign government, a national of
                                          any foreign country, or a
                                          corporation or other organization
                                          incorporated or organized under
                                          the laws of any foreign country,
                                          it (1) has a class of securities
                                          registered pursuant to section
                                          12(b) or 12(g) of the Securities
                                          Exchange Act of 1934 or is
                                          required to file reports pursuant
                                          to section 15(d) of that act, and
                                          (2) has filed all the material
                                          required to be filed pursuant to
                                          section 13(a) or 15(d) of that act
                                          for a period of at least 12 months
                                          immediately preceding the sale of
                                          securities (or for such shorter
                                          period that the issuer was
                                          required to file such material)

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

TERM                                                DEFINITION
Eligible Municipal Securities          The securities:

                                       (a)are direct obligations of, or
                                          obligations guaranteed as to
                                          principal or interest by, a State
                                          or any political subdivision
                                          thereof, or any agency or
                                          instrumentality of a State or any
                                          political subdivision thereof, or
                                          any municipal corporate
                                          instrumentality of one or more
                                          States, or any security which is
                                          an industrial development bond (as
                                          defined in section 103(c)(2) of
                                          Title 26) the interest on which is
                                          excludable from gross income under
                                          certain provisions of the Internal
                                          Revenue Code;

                                       (b)are sufficiently liquid that they
                                          can be sold at or near their
                                          carrying value within a reasonably
                                          short period of time; and

                                       (c)either

                                           (1)are subject to no greater than
                                              moderate credit risk; or

                                           (2)if the issuer of the municipal
                                              securities, or the entity
                                              supplying the revenues or
                                              other payments from which the
                                              issue is to be paid, has been
                                              in continuous operation for
                                              less than three years,
                                              including the operation of any
                                              predecessors, the securities
                                              are subject to a minimal or
                                              low amount of credit risk.

                                       Also, purchases of municipal
                                       securities may not be designated as
                                       group sales or otherwise allocated to
                                       the account of any prohibited seller
                                       (i.e., an affiliated underwriter).

Eligible Rule 144A Offering            The securities are sold in an
                                       offering where

                                       (a)the securities are offered or sold
                                          in transactions exempt from
                                          registration under Section 4(2) of
                                          the Securities Act of 1933, Rule
                                          144A thereunder, or Rules 501-508
                                          thereunder;

                                       (b)the securities were sold to
                                          persons that the seller and any
                                          person acting on behalf of the
                                          seller reasonably believe to
                                          include qualified institutional
                                          buyers, as defined in Rule 144A
                                          ("QIBs"); and

                                       (c)the seller and any person acting
                                          on behalf of the seller reasonably
                                          believe that the securities are
                                          eligible for resale to other QIBs
                                          pursuant to Rule 144A.

Government Securities Offering         The security is issued or guaranteed
                                       as to principal or interest by the
                                       United States, or by a person
                                       controlled or supervised by and
                                       acting as an instrumentality of the
                                       Government of the United States
                                       pursuant to authority granted by the
                                       Congress of the United States; or any
                                       certificate of deposit for any of the
                                       foregoing.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

TERM                                                DEFINITION
U.S. Registered Public Offering.       The securities offered are registered
                                       under the Securities Act of 1933 that
                                       are being offered to the public.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>8
<FILENAME>wayserf77o.txt
<TEXT>
<PAGE>

                                                                        [LOGO]
                                                                     BLACKROCK
Rule 10f-3 Transaction Form

Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
   BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of Offering Commencement:         09-23-2015

Security Type:                         BND/MUNI

Issuer                                 WAYNE COUNTY Revenue Bonds Series 2015F

Selling Underwriter                    Citigroup Global Markets Inc

                                       [X] PNC Capital Markets LLC
Affiliated Underwriter(s)              [_] Other:

List of Underwriter(s)                 Citigroup Global Markets Inc, J.P.
                                       Morgan Securities LLC, Bank of America
                                       Merrill Lynch, PNC Capital Markets LLC,
                                       Loop Capital Markets, Siebert Brandford
                                       Shank & Co., Wells Fargo Securities

TRANSACTION DETAILS

Date of Purchase      09-23-2015

<TABLE>
<S>                     <C>      <C>                                 <C>
Purchase Price/Share    $107.222 Total Commission, Spread or Profit  0.1045%
(PER SHARE / % OF PAR)
</TABLE>

<TABLE>
<S>                                                                <C>
1. Aggregate Principal Amount Purchased (a+b)                      $  6,000,000
                                                                   ------------
   a. US Registered Funds
      (Appendix attached with individual Fund/Client purchase)     $  6,000,000
                                                                   ------------
   b. Other BlackRock Clients                                               N/A
                                                                   ------------
2. Aggregate Principal Amount of Offering                          $224,155,000
                                                                   ------------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                   0.0268
                                                                   ------------
</TABLE>

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_]  U.S. Registered Public Offering.. [Issuer must have 3 years of continuous
                                       operations]
[_]  Eligible Rule 144A Offering...... [Issuer must have 3 years of continuous
                                       operations]
[X]  Eligible Municipal Securities....
[_]  Eligible Foreign Offering........ [Issuer must have 3 years of continuous
                                       operations]
[_]  Government Securities Offering... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X] The securities were purchased before the end of the first day on which any
    sales were made, at a price that was not more than the price paid by each
    other purchaser of securities in that offering or in any concurrent
    offering of the securities; and

[_] If the securities are offered for subscription upon exercise of rights, the
    securities were purchased on or before the fourth day before the day on
    which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X] YES  The securities were offered pursuant to an underwriting or similar
[_] NO   agreement under which the underwriters were committed to purchase all
         of the securities being offered, except those purchased by others
         pursuant to a rights offering, if the underwriters purchased any of
         the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X] YES  No affiliated underwriter was a direct or indirect participant in, or
[_] NO   benefited directly or indirectly from, the transaction.

<TABLE>
<C>            <S>                                            <C>
Completed by:  Dipankar Banerjee                              Date: 10-06-2015
               ------------------------------------
               Global Syndicate Team Member

Approved by:   Betsy Mathews, Steven Delaura                  Date: 10-06-2015
               ------------------------------------
               Global Syndicate Team Member
</TABLE>

DEFINITIONS

TERM        DEFINITION
Fund Ratio  Number appearing at the bottom of page 1 of 2 of the Rule 10f-3
            Report form. It is the sum of the Funds' participation in the
            offering by the Funds and other accounts managed by BlackRock
            divided by the total amount of the offering.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

TERM                       DEFINITION
Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a)  the offering is subject to regulation in such
                                country by a "foreign financial regulatory
                                authority," as defined in Section 2(a)(50) of
                                the Investment Company Act of 1940;

                           (b)  the securities were offered at a fixed price
                                to all purchasers in the offering (except for
                                any rights to purchase securities that are
                                required by law to be granted to existing
                                security holders of the issuer);

                           (c)  financial statements, prepared and audited as
                                required or permitted by the appropriate
                                foreign financial regulatory authority in such
                                country, for the two years prior to the
                                offering, were made available to the public
                                and prospective purchasers in connection with
                                the offering; and

                           (d)  if the issuer is a "domestic issuer," i.e.,
                                other than a foreign government, a national of
                                any foreign country, or a corporation or other
                                organization incorporated or organized under
                                the laws of any foreign country, it (1) has a
                                class of securities registered pursuant to
                                section 12(b) or 12(g) of the Securities
                                Exchange Act of 1934 or is required to file
                                reports pursuant to section 15(d) of that act,
                                and (2) has filed all the material required to
                                be filed pursuant to section 13(a) or 15(d) of
                                that act for a period of at least 12 months
                                immediately preceding the sale of securities
                                (or for such shorter period that the issuer
                                was required to file such material)

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

TERM                   DEFINITION
Eligible Municipal     The securities:
Securities
                       (a)  are direct obligations of, or obligations
                            guaranteed as to principal or interest by, a
                            State or any political subdivision thereof, or
                            any agency or instrumentality of a State or
                            any political subdivision thereof, or any
                            municipal corporate instrumentality of one or
                            more States, or any security which is an
                            industrial development bond (as defined in
                            section 103(c)(2) of Title 26) the interest on
                            which is excludable from gross income under
                            certain provisions of the Internal Revenue
                            Code;

                       (b)  are sufficiently liquid that they can be sold
                            at or near their carrying value within a
                            reasonably short period of time; and

                       (c)  either

                            (1) are subject to no greater than moderate
                                credit risk; or

                            (2) if the issuer of the municipal securities,
                                or the entity supplying the revenues or
                                other payments from which the issue is to
                                be paid, has been in continuous operation
                                for less than three years, including the
                                operation of any predecessors, the
                                securities are subject to a minimal or low
                                amount of credit risk.

                       Also, purchases of municipal securities may not be
                       designated as group sales or otherwise allocated to
                       the account of any prohibited seller (i.e., an
                       affiliated underwriter).

Eligible Rule 144A     The securities are sold in an offering where
Offering
                       (a)  the securities are offered or sold in
                            transactions exempt from registration under
                            Section 4(2) of the Securities Act of 1933,
                            Rule 144A thereunder, or Rules 501-508
                            thereunder;

                       (b)  the securities were sold to persons that the
                            seller and any person acting on behalf of the
                            seller reasonably believe to include qualified
                            institutional buyers, as defined in Rule 144A
                            ("QIBs"); and

                       (c)  the seller and any person acting on behalf of
                            the seller reasonably believe that the
                            securities are eligible for resale to other
                            QIBs pursuant to Rule 144A.

Government Securities  The security is issued or guaranteed as to
Offering               principal or interest by the United States, or by a
                       person controlled or supervised by and acting as an
                       instrumentality of the Government of the United
                       States pursuant to authority granted by the
                       Congress of the United States; or any certificate
                       of deposit for any of the foregoing.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

TERM                    DEFINITION
U.S. Registered Public  The securities offered are registered under the
Offering.               Securities Act of 1933 that are being offered to
                        the public.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
