<ARTICLE> 5
<CIK> 0000854066
<NAME> GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LTD PSHP P-3
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         280,617
<SECURITIES>                                         0
<RECEIVABLES>                                  412,409
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               693,026
<PP&E>                                      13,729,874
<DEPRECIATION>                               9,150,392
<TOTAL-ASSETS>                               5,272,508
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   5,272,508
<TOTAL-LIABILITY-AND-EQUITY>                 5,272,508
<SALES>                                        447,556
<TOTAL-REVENUES>                               450,545
<CGS>                                                0
<TOTAL-COSTS>                                  217,467
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                233,078
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            233,078
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   233,078
<EPS-PRIMARY>                                     1.27
<EPS-DILUTED>                                        0