<ARTICLE> 5
<LEGEND>  This schedule contains summary financial
information extracted from Balance Sheets and Statement
of Operations for the year ended December 31, 1995 Form
10K of Delphi Film Associates III and is qualified in its
entirety by reference to such financial statements.
       

<PERIOD-TYPE>                          12-MOS
<FISCAL-YEAR-END>                      DEC-31-1995
<PERIOD-END>                           DEC-31-1995
<CASH>                                 155,000
<SECURITIES>                              986,000
<RECEIVABLES>                                1,143,000
<ALLOWANCES>                              0
<INVENTORY>                               0
<CURRENT-ASSETS>                          0
<PP&E>                                    0
<DEPRECIATION>                            0
<TOTAL-ASSETS>                         2,872,000
<CURRENT-LIABILITIES>                       0
<BONDS>                                   0
<COMMON>                                  0
<PREFERRED-MANDATORY>                     0
<PREFERRED>                               0
<OTHER-SE>                             2,817,000
<TOTAL-LIABILITY-AND-EQUITY>           2,872,000
<SALES>                                   0
<TOTAL-REVENUES>                            66,000
<CGS>                                     0
<TOTAL-COSTS>                             0
<OTHER-EXPENSES>                       331,000
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                        0
<INCOME-PRETAX>                        1,182,000
<INCOME-TAX>                              0
<INCOME-CONTINUING>                       0
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                           1,182,000
<EPS-PRIMARY>                           121.00
<EPS-DILUTED>                             0