My question was triggered in part by reading about 'bfgminer' and one of it's comand line arguments:
--coinbase-addr <arg> Set coinbase payout address for solo mining
But it seems like the answer to my question is what Buffer Overflow writes:
Yes bitcoind will use one of it's addresses in it's pool. 25 BTC + transaction fees will appear in your wallet. But of course you have to find a block first. This is where it gets a little difficult.