<ARTICLE> 5 <CIK> 0000760382 <NAME> WELLESLEY III-C 03/31/96 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 96,797 <SECURITIES> 45,922 <RECEIVABLES> 54,990 <ALLOWANCES> 814 <INVENTORY> 0 <CURRENT-ASSETS> 196,895 <PP&E> 988,954 <DEPRECIATION> 744,193 <TOTAL-ASSETS> 441,656 <CURRENT-LIABILITIES> 179,157 <BONDS> 24,021 <COMMON> 11,140,685 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (10,902,208) <TOTAL-LIABILITY-AND-EQUITY> 441,655 <SALES> 78,267 <TOTAL-REVENUES> 175,705 <CGS> 0 <TOTAL-COSTS> 3,346 <OTHER-EXPENSES> 50,842 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 676 <INCOME-PRETAX> 120,841 <INCOME-TAX> 0 <INCOME-CONTINUING> 120,841 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 120,841 <EPS-PRIMARY> 3.64 <EPS-DILUTED> 0