<ARTICLE> 5 <LEGEND> The Schedule contains summary financial information extracted from the financial statements for PruTech Research and Development Partnership III and is qualified in its entirety by reference to such financial statements </LEGEND> <RESTATED> <CIK> 0000794357 <NAME> PruTech Research and Development Partnership III <MULTIPLIER> 1 <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-START> Jan-1-1998 <PERIOD-END> Mar-31-1998 <PERIOD-TYPE> 3-Mos <CASH> 3,612,262 <SECURITIES> 552,281 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,164,543 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,164,543 <CURRENT-LIABILITIES> 134,094 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,030,449 <TOTAL-LIABILITY-AND-EQUITY> 4,164,543 <SALES> 0 <TOTAL-REVENUES> 45,161 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 88,731 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (43,570) <EPS-PRIMARY> (.96) <EPS-DILUTED> 0