<ARTICLE>           5

<LEGEND>
                    The Schedule contains summary financial 
                    information extracted from the financial
                    statements for P-B Capital Return Futures Fund 3, L.P.
                    and is qualified in its entirety by reference
                    to such financial statements
</LEGEND>

<RESTATED>          

<CIK>               0000857850

<NAME>              P-B Capital Return Futures Fund 3, L.P.
<MULTIPLIER>        1

<FISCAL-YEAR-END>               Dec-31-1996

<PERIOD-START>                  Jan-1-1996

<PERIOD-END>                    Sep-30-1996

<PERIOD-TYPE>                   9-MOS

<CASH>                          3,384,947

<SECURITIES>                    17,726,849

<RECEIVABLES>                   0

<ALLOWANCES>                    0

<INVENTORY>                     0

<CURRENT-ASSETS>                21,111,796

<PP&E>                          0

<DEPRECIATION>                  0

<TOTAL-ASSETS>                  21,111,796

<CURRENT-LIABILITIES>           929,220

<BONDS>                         0

<PREFERRED-MANDATORY>           0

<PREFERRED>                     0

<COMMON>                        0

<OTHER-SE>                      20,182,576

<TOTAL-LIABILITY-AND-EQUITY>    21,111,796

<SALES>                         0

<TOTAL-REVENUES>                3,245,727

<CGS>                           0

<TOTAL-COSTS>                   0

<OTHER-EXPENSES>                2,131,822

<LOSS-PROVISION>                0

<INTEREST-EXPENSE>              0

<INCOME-PRETAX>                 0

<INCOME-TAX>                    0

<INCOME-CONTINUING>             0

<DISCONTINUED>                  0

<EXTRAORDINARY>                 0

<CHANGES>                       0

<NET-INCOME>                    1,113,905

<EPS-PRIMARY>                   8.59

<EPS-DILUTED>                   0