<ARTICLE> 5 <LEGEND> PLM EGF III 10K/A </LEGEND> <CIK> 0000824210 <NAME> PLM Equipment Growth Fund III <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <CASH> 3,429 <SECURITIES> 0 <RECEIVABLES> 2,797 <ALLOWANCES> 1,469 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 109,680 <DEPRECIATION> (81,298) <TOTAL-ASSETS> 35,512 <CURRENT-LIABILITIES> 0 <BONDS> 18,540 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 12,082 <TOTAL-LIABILITY-AND-EQUITY> 35,512 <SALES> 0 <TOTAL-REVENUES> 22,507 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 18,268 <LOSS-PROVISION> (3,357) <INTEREST-EXPENSE> 1,706 <INCOME-PRETAX> 2,917 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,917 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,917 <EPS-BASIC> 1.00 <EPS-DILUTED> 1.00