<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Angeles Income Properties, Ltd. III 2000 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000720460 <NAME> Angeles Income Properties, Ltd. III <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 987 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <F1> <PP&E> 4,936 <DEPRECIATION> 3,190 <TOTAL-ASSETS> 2,836 <CURRENT-LIABILITIES> 0 <F1> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,695 <TOTAL-LIABILITY-AND-EQUITY> 2,836 <SALES> 0 <TOTAL-REVENUES> 221 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 197 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 24 <EPS-BASIC> 128<F2> <EPS-DILUTED> 0 <FN> <F1> Registrant has an unclassified balance sheet. <F2> Multiplier is 1. </FN>