<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Angeles
Income Properties Ltd, III 1996 Second 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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                           1,266
<SECURITIES>                                         0
<RECEIVABLES>                                       48
<ALLOWANCES>                                        41
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                          14,043
<DEPRECIATION>                                   8,253
<TOTAL-ASSETS>                                   7,479
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                          3,421
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     (1,844)
<TOTAL-LIABILITY-AND-EQUITY>                     7,479
<SALES>                                              0
<TOTAL-REVENUES>                                   897
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 1,040
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 215
<INCOME-PRETAX>                                  (669)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              (669)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (669)
<EPS-PRIMARY>                                   (7.63)<F2>
<EPS-DILUTED>                                        0
<FN>
<F1>The Registrant has an unclassified balance sheet.
<F2>Multiplier is 1.
</FN>