<ARTICLE> 5
<CIK> 0000760382
<NAME> WELLESLEY LEASE INCOME LIMITED PARTNERSHIP III C
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                          52,502
<SECURITIES>                                    47,223
<RECEIVABLES>                                   37,622
<ALLOWANCES>                                       814
<INVENTORY>                                          0
<CURRENT-ASSETS>                               136,533
<PP&E>                                       1,547,087
<DEPRECIATION>                               1,189,666
<TOTAL-ASSETS>                                 493,954
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<BONDS>                                         51,801
<COMMON>                                    11,140,685
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<PREFERRED>                                          0
<OTHER-SE>                                (10,857,545)
<TOTAL-LIABILITY-AND-EQUITY>                   493,954
<SALES>                                        385,132
<TOTAL-REVENUES>                               472,917
<CGS>                                                0
<TOTAL-COSTS>                                   23,506
<OTHER-EXPENSES>                               277,763
<LOSS-PROVISION>                                 5,720
<INTEREST-EXPENSE>                               4,539
<INCOME-PRETAX>                                161,389
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            161,389
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
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<NET-INCOME>                                   161,389
<EPS-PRIMARY>                                     2.85
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