September  5,  2001



Securities  and  Exchange  Commission
Washington,  D.C.

Ladies  and  Gentlemen:

We  were  previously  principal  accountants  for  PLM Equipment Growth Fund III
("PLM")  and  under  the date of March 12, 2001, we reported on the consolidated
financial  statements  of  PLM Equipment Growth Fund III as of and for the years
ended  December  31,  2000  and  1999.  On  August  30, 2001, our appointment as
principal  accountants  was  terminated.  We have read PLM Equipment Growth Fund
III's  statements  included  under  Item 4(a) of its Form 8-K dated September 5,
2001, and we agree with such statements, except that we are not in a position to
agree  or disagree with the Company's statements that the change was recommended
by  the Company's management, and that the Company did not consult with Deloitte
&  Touche  regarding any of the issues specified in item 304(a)(2) of Regulation
S-K.

Very  truly  yours,


<<KPMG>>


cc:  Stephen  M.  Bess
     Chief  Executive  Officer
     PLM  International,  Inc.