<ARTICLE> 5 <CIK> 0000760375 <NAME> WELLESLEY III-B FDS 9/30/96 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 45,272 <SECURITIES> 1,219 <RECEIVABLES> 33,050 <ALLOWANCES> 22,124 <INVENTORY> 0 <CURRENT-ASSETS> 57,417 <PP&E> 678,045 <DEPRECIATION> 660,476 <TOTAL-ASSETS> 74,986 <CURRENT-LIABILITIES> 25,231 <BONDS> 0 <COMMON> 11,140,998 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,091,243) <TOTAL-LIABILITY-AND-EQUITY> 74,986 <SALES> 91,534 <TOTAL-REVENUES> 103,373 <CGS> 0 <TOTAL-COSTS> 7,243 <OTHER-EXPENSES> 127,479 <LOSS-PROVISION> 14,586 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (45,935) <INCOME-TAX> 0 <INCOME-CONTINUING> (45,935) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (45,935) <EPS-PRIMARY> (1.88) <EPS-DILUTED> 0