<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 <CURRENT-LIABILITIES> 159,013 <BONDS> 51,801 <COMMON> 11,140,685 <PREFERRED-MANDATORY> 0 <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 <CHANGES> 0 <NET-INCOME> 161,389 <EPS-PRIMARY> 2.85 <EPS-DILUTED> 0