BLACKROCK MUNIYIELD FUND, INC. — Director's Dealing 2011

Aug 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK MUNIYIELD FUND INC (MYD)
CIK: 0000879361
Period of Report: 2011-08-03

Reporting Person: BANK OF AMERICA CORP /DE/ (10% Owner)
Reporting Person: BANK OF AMERICA NA (10% Owner)
Reporting Person: Blue Ridge Investments, L.L.C. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Auction Rate Preferred	J	418	—	Disposed	0	Indirect

Footnotes

F1: The Auction Rate Preferred Shares ("Shares") reported in Table I represent Shares beneficially owned by Bank of America, N.A. ("BANA") and Blue Ridge Investors, L.L.C. ("Blue Ridge"). BANA is a wholly owned subsidiary of Bank of America Corporation ("Bank of America") and Blue Ridge is a wholly owned subsidiary of BANA.

F2: The Shares were called for redemption by the issuer at par value.