<ARTICLE> 5 <CIK> 0000760386 <NAME> WELLESLEY III-D FDS 3/31/99 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 324,133 <SECURITIES> 0 <RECEIVABLES> 39,123 <ALLOWANCES> 1,452 <INVENTORY> 0 <CURRENT-ASSETS> 366,127 <PP&E> 3,461,593 <DEPRECIATION> 2,613,841 <TOTAL-ASSETS> 1,213,879 <CURRENT-LIABILITIES> 77,420 <BONDS> 117,926 <PREFERRED-MANDATORY> 8,988,039 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (7,969,506) <TOTAL-LIABILITY-AND-EQUITY> 1,213,879 <SALES> 262,561 <TOTAL-REVENUES> 267,236 <CGS> 0 <TOTAL-COSTS> 17,825 <OTHER-EXPENSES> 206,834 <LOSS-PROVISION> 514 <INTEREST-EXPENSE> 4,436 <INCOME-PRETAX> 37,627 <INCOME-TAX> 0 <INCOME-CONTINUING> 37,627 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 37,627 <EPS-PRIMARY> 1.47 <EPS-DILUTED> 0