- Annual report of proxy voting record for management investment companies (N-PX)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08603

Name of Fund: BlackRock Debt Strategies Fund, Inc. (DSU)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John Perlowski, Chief Executive Officer, BlackRock Debt Strategies Fund, Inc., 55 East 52 ^nd Street, New York City, NY 10055.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 02/28

Date of reporting period: 07/01/2010 – 06/30/2011

Item 1 – Proxy Voting Record – Attached hereto.


******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-08603
Reporting Period: 07/01/2010 - 06/30/2011
BlackRock Debt Strategies Fund, Inc.











===================== BLACKROCK DEBT STRATEGIES FUND, INC. =====================


AINSWORTH LUMBER CO. LTD.

Ticker: ANS Security ID: 009037201
Meeting Date: MAY 12, 2011 Meeting Type: Annual/Special
Record Date: APR 08, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1 Establish Range for Board Size (Minimum For For Management
 of Seven to Maximum of Ten)
2.1 Elect Director Robert Chadwick For Withhold Management
2.2 Elect Director Paul Gagne For For Management
2.3 Elect Director Peter Gordon For For Management
2.4 Elect Director Paul Houston For For Management
2.5 Elect Director Richard Huff For For Management
2.6 Elect Director John Lacey For For Management
2.7 Elect Director Gordon Lancaster For For Management
2.8 Elect Director Pierre McNeil For For Management
2 Approve Deloitte & Touche LLP as For For Management
 Auditors and Authorize Board to Fix
 Their Remuneration
3 Allow Board to Appoint Additional For For Management
 Directors Between Annual Meetings
4 Amend By-Law No.1 For For Management



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BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

Ticker: HYT Security ID: 09255P107
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Richard S. Davis For For Management
1.3 Elect Director Frank J. Fabozzi For For Management
1.4 Elect Director Kathleen F. Feldstein For For Management
1.5 Elect Director James T. Flynn For For Management
1.6 Elect Director Henry Gabbay For For Management
1.7 Elect Director Jerrold B. Harris For For Management
1.8 Elect Director R. Glenn Hubbard For For Management
1.9 Elect Director W. Carl Kester For For Management

1.10 Elect Director Karen P. Robards For For Management


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BLACKROCK CREDIT ALLOCATION INCOME TRUST II

Ticker: PSY Security ID: 09255H105
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Richard S. Davis For For Management
1.3 Elect Director Kathleen F. Feldstein For For Management
1.4 Elect Director James T. Flynn For For Management
1.5 Elect Director Henry Gabbay For For Management
1.6 Elect Director Jerrold B. Harris For For Management
1.7 Elect Director R. Glenn Hubbard For For Management
1.8 Elect Director Karen P. Robards For For Management



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BLACKROCK CREDIT ALLOCATION INCOME TRUST IV

Ticker: BTZ Security ID: 092508100
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Kathleen F. Feldstein For For Management
1.3 Elect Director Henry Gabbay For For Management
1.4 Elect Director Jerrold B. Harris For For Management



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BLACKROCK ENERGY AND RESOURCES TRUST

Ticker: BGR Security ID: 09250U101
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Kathleen F. Feldstein For For Management
1.3 Elect Director Henry Gabbay For For Management
1.4 Elect Director Jerrold B. Harris For For Management



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BLACKROCK ENHANCED DIVIDEND ACHIEVERS TRUST

Ticker: BDJ Security ID: 09251A104
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Kathleen F. Feldstein For For Management
1.3 Elect Director Henry Gabbay For For Management
1.4 Elect Director Jerrold B. Harris For For Management



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BLACKROCK FLOATING RATE INCOME TRUST

Ticker: BGT Security ID: 091941104
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Kathleen F. Feldstein For For Management
1.3 Elect Director Henry Gabbay For For Management
1.4 Elect Director Jerrold B. Harris For For Management



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BLACKROCK INTERNATIONAL GROWTH AND INCOME TRUST

Ticker: BGY Security ID: 092524107
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Kathleen F. Feldstein For For Management
1.3 Elect Director Henry Gabbay For For Management
1.4 Elect Director Jerrold B. Harris For For Management



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BLACKROCK LIMITED DURATION INCOME TRUST

Ticker: BLW Security ID: 09249W101
Meeting Date: SEP 02, 2010 Meeting Type: Annual
Record Date: JUL 06, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard E. Cavanagh For For Management
1.2 Elect Director Kathleen F. Feldstein For For Management
1.3 Elect Director Henry Gabbay For For Management
1.4 Elect Director Jerrold B. Harris For For Management



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BUFFETS RESTAURANT HOLDING INC

Ticker: BUFR Security ID: 11988P107
Meeting Date: OCT 27, 2010 Meeting Type: Annual
Record Date: AUG 30, 2010


# Proposal Mgt Rec Vote Cast Sponsor
1 Ratify Auditors For For Management


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GEO SPECIALTY CHEMICALS INC.

Ticker: Security ID: 37246R205
Meeting Date: FEB 22, 2011 Meeting Type: Annual
Record Date: JAN 10, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Duncan H. Cocroft For For Management
1.2 Elect Director David L. Eaton For For Management
1.3 Elect Director Kenneth A. Ghazey For For Management
1.4 Elect Director Philip J. Gund For For Management
1.5 Elect Director Charles Macaluso For For Management



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LYONDELLBASELL INDUSTRIES NV

Ticker: LYB Security ID: N53745100
Meeting Date: AUG 02, 2010 Meeting Type: Special
Record Date:

# Proposal Mgt Rec Vote Cast Sponsor
1 Open Meeting None None Management
2 Reelect M. Carroll and R.M.J. van der For Did Not Vote Management
 Meer to Supervisory Board
3 Elect S.F. Cooper to Supervisory Board For Did Not Vote Management
4 Reelect B.A. Smith to Supervisory Board For Did Not Vote Management
5 Approve Remuneration of Supervisory For Did Not Vote Management
 Board
6 Allow Questions None None Management
7 Close Meeting None None Management



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LYONDELLBASELL INDUSTRIES NV

Ticker: LYB Security ID: N53745118
Meeting Date: AUG 02, 2010 Meeting Type: Special
Record Date:

# Proposal Mgt Rec Vote Cast Sponsor
1 Open Meeting None None Management
2 Reelect M. Carroll and R.M.J. van der For Did Not Vote Management
 Meer to Supervisory Board
3 Elect S.F. Cooper to Supervisory Board For Did Not Vote Management
4 Reelect B.A. Smith to Supervisory Board For Did Not Vote Management
5 Approve Remuneration of Supervisory For Did Not Vote Management
 Board
6 Allow Questions None None Management
7 Close Meeting None None Management



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NORTEK, INC.

Ticker: NTKS Security ID: 656559309
Meeting Date: NOV 09, 2010 Meeting Type: Annual
Record Date: SEP 23, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John T. Coleman For For Management
1.2 Elect Director Thomas A. Keenan For For Management
1.3 Elect Director J. David Smith For For Management
2 Ratify Auditors For For Management
3 Approve Omnibus Stock Plan For For Management



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NORTEK, INC.

Ticker: NTKS Security ID: 656559309
Meeting Date: MAY 10, 2011 Meeting Type: Annual
Record Date: MAR 18, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Jeffrey C. Bloomberg For For Management
1.2 Elect Director Joseph M. Cianciolo For For Management
1.3 Elect Director James B. Hirshorn For For Management
2 Advisory Vote to Ratify Named Executive For For Management
 Officers' Compensation
3 Advisory Vote on Say on Pay Frequency Three Three Years Management
 Years
4 Ratify Auditors For For Management



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SUNPOWER CORPORATION

Ticker: SPWRA Security ID: 867652307
Meeting Date: MAY 03, 2011 Meeting Type: Annual
Record Date: MAR 09, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Thomas R. McDaniel For For Management
1.2 Elect Director Thomas H. Werner For For Management
2 Advisory Vote to Ratify Named Executive For For Management
 Officers' Compensation
3 Advisory Vote on Say on Pay Frequency Three Three Years Management
 Years



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WELLMAN HOLDINGS, INC.

Ticker: WMANQ Security ID: 949700108
Meeting Date: SEP 29, 2010 Meeting Type: Annual
Record Date: AUG 02, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Mark J. Ruday For For Management
2 Elect Director Charles Macaluso For For Management
3 Elect Director Duncan H. Cocroft For For Management
4 Elect Director Kenneth A. Ghazey For For Management
5 Elect Director James D. Jackson For For Management
6 Director Linda Koffenberger For For Management



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WELLMAN HOLDINGS, INC.

Ticker: WMANQ Security ID: 949700AA6
Meeting Date: SEP 29, 2010 Meeting Type: Annual
Record Date: AUG 02, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Charles Macaluso For For Management
2 Elect Director Duncan H. Cocroft For For Management
3 Elect Director Kenneth A. Ghazey For For Management
4 Elect Director James D. Jackson For For Management
5 Elect Director Linda Koffenberger For For Management
6 Elect Director Ari M. Chaney For For Management



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WELLMAN HOLDINGS, INC.

Ticker: WMANQ Security ID: 949700AB4
Meeting Date: SEP 29, 2010 Meeting Type: Annual
Record Date: AUG 02, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Charles Macaluso For For Management
2 Elect Director Duncan H. Cocroft For For Management
3 Elect Director Kenneth A. Ghazey For For Management
4 Elect Director James D. Jackson For For Management
5 Elect Director Linda Koffenberger For For Management
6 Elect Director Ari M. Chaney For For Management



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WELLMAN HOLDINGS, INC.

Ticker: WMANQ Security ID: 949700108
Meeting Date: JUN 02, 2011 Meeting Type: Written Consent
Record Date: APR 28, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Payment of Completion Bonuses For For Management



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WELLMAN HOLDINGS, INC.

Ticker: WMANQ Security ID: 949700AA6
Meeting Date: JUN 02, 2011 Meeting Type: Written Consent
Record Date: APR 28, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Payment of Completion Bonuses For For Management



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WELLMAN HOLDINGS, INC.

Ticker: WMANQ Security ID: 949700AB4
Meeting Date: JUN 02, 2011 Meeting Type: Written Consent
Record Date: APR 28, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Payment of Completion Bonuses For For Management


========== END NPX REPORT

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Debt Strategies Fund, Inc.