<ARTICLE> 5 <CIK> 0000760386 <NAME> WELLESLEY LEASE INCOME LTD PARTNERSHIP III-D FDS 12/31/98 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 403,150 <SECURITIES> 0 <RECEIVABLES> 54,480 <ALLOWANCES> 938 <INVENTORY> 0 <CURRENT-ASSETS> 463,609 <PP&E> 3,589,735 <DEPRECIATION> 2,575,703 <TOTAL-ASSETS> 1,477,641 <CURRENT-LIABILITIES> 107,663 <BONDS> 229,717 <PREFERRED-MANDATORY> 8,988,039 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (7,847,778) <TOTAL-LIABILITY-AND-EQUITY> 1,477,641 <SALES> 1,532,778 <TOTAL-REVENUES> 1,573,872 <CGS> 0 <TOTAL-COSTS> 115,631 <OTHER-EXPENSES> 1,028,051 <LOSS-PROVISION> (8,668) <INTEREST-EXPENSE> 51,388 <INCOME-PRETAX> 387,470 <INCOME-TAX> 0 <INCOME-CONTINUING> 387,470 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 387,470 <EPS-PRIMARY> 17.62 <EPS-DILUTED> 0