UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [XX] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For quarterly period ended September 30, 1994 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from to For Quarter Ended September 30, 1994 Commission File No. 0-16511 American Income Partners III-A Limited Partnership (Exact name of registrant as specified in its charter) Massachusetts 04-2962676 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) Exchange Place, 14th Floor, Boston, MA 02109 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (617) 542-1200 ______________________________________________________________________________ (Former name, former address and former fiscal year, if changed since last report.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No______ APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes_____ No___ [CAPTION] AMERICAN INCOME PARTNERS III-A LIMITED PARTNERSHIP FINANCIAL DATA SCHEDULE EXHIBIT 27 This schedule contains summary financial information extracted from the Statement of Financial Position and the Statement of Operations and is qualified in its entirety by reference to such financial statements. December 31, September 30, Item Number Item Description 1993 1994 5-02(1) cash and cash items $ 1,486,204 $ 1,021,327 5-02(2) marketable securities 0 0 5-02(3)(a)(1) notes and accounts receivable - trade 528,729 423,828 5-02(4) allowances for doubtful accounts (185,000) (140,000) 5-02(6) inventory 0 0 5-02(9) total current assets 1,829,933 1,305,155 5-02(13) property, plant and equipment 16,701,367 14,516,683 5-02(14) accumulated depreciation (11,062,913) (9,747,311) 5-02(18) total assets 7,468,387 6,074,527 5-02(21) total current liabilities 665,370 611,436 5-02(22) bonds, mortgages and similar debt 560,198 257,641 5-02(28) preferred stock-mandatory redemption 0 0 5-02(29) preferred stock-no mandatory redemption 0 0 5-02(30) common stock 0 0 5-02(31) other stockholders' equity 6,242,819 5,205,450 5-02(32) total liabilities and stockholders' equity 7,468,387 6,074,527 5-03(b)1(a) net sales of tangible products 0 0 5-03(b)1 total revenues 2,747,214 1,489,049 5-03(b)2(a) cost of tangible goods sold 0 0 5-03(b)2 total costs and expenses applicable to sales and revenues 0 0 5-03(b)3 other costs and expenses 2,497,651 988,222 5-03(b)5 provision for doubtful accounts and notes 0 0 5-03(b)(8) interest and amortization and debt discount 54,907 9,387 5-03(b)(10) income before taxes and other items 0 0 5-03(b)(11) income tax expense 0 0 5-03(b)(14) income/loss continuing operations 194,656 491,440 5-03(b)(15) discontinued operations 0 0 5-03(b)(17) extraordinary items 0 0 5-03(b)(18) cumulative effect-changes in accounting principles 0 0 5-03(b)(19) net income or loss 194,656 491,440 5-03(b)(20) earnings per share-primary 0 0 5-03(b)(20) earnings per share-fully diluted 0 0 AMERICAN INCOME PARTNERS III-A LIMITED PARTNERSHIP FORM 10-Q PART II. OTHER INFORMATION Item 1. Legal Proceedings Response: Refer to Note 7 to the financial statements, herein. Item 2. Changes in Securities Response: None Item 3. Defaults upon Senior Securities Response: None Item 4. Submission of Matters to a Vote of Security Holders Response: None Item 5. Other Information Response: None Item 6(a). Exhibits Response: Exhibit 27 - Financial Data Schedule. Item 6(b). Reports on Form 8-K Response: None SIGNATURE PAGE Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on behalf of the registrant and in the capacity and on the date indicated. AMERICAN INCOME PARTNERS III-A LIMITED PARTNERSHIP By: AFG Leasing Incorporated, a Massachusetts corporation and the Managing General Partner of the Registrant. By:/s/ Gary M. Romano Gary M. Romano Vice President and Controller (Duly Authorized Officer and Principal Accounting Officer) Date: January 3, 1995