<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Angeles Income Properties Ltd. III 1995 Third Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB. </LEGEND> <CIK> 0000720460 <NAME> ANGELES INCOME PROPERTIES LTD III <MULTIPLIER> 1 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <CASH> 2,017,381 <SECURITIES> 0 <RECEIVABLES> 74,329 <ALLOWANCES> 21,514 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 13,970,046 <DEPRECIATION> 7,793,182 <TOTAL-ASSETS> 9,371,543 <CURRENT-LIABILITIES> 0<F1> <BONDS> 3,460,054 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (2,526,498) <TOTAL-LIABILITY-AND-EQUITY> 9,371,543 <SALES> 0 <TOTAL-REVENUES> 1,256,368 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,413,002 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 306,018 <INCOME-PRETAX> (1,127,689) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,127,689) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,127,689) <EPS-PRIMARY> (12.86) <EPS-DILUTED> 0 <FN> <F1>The Registrant has an unclassified balance sheet. </FN>