<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>