<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Balance Sheets and Statement of Operations for the second quarter ended June 30, 1996 Form 10Q of Delphi Film Associates III and is qualified in its entirety by reference to such financial statements. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 191,000 <SECURITIES> 547,000 <RECEIVABLES> 841,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,125,000 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 2,099,000 <TOTAL-LIABILITY-AND-EQUITY> 2,125,000 <SALES> 0 <TOTAL-REVENUES> 26,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 139,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 115,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 115,000 <EPS-PRIMARY> 12.00 <EPS-DILUTED> 0