<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.

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