<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> Jun-30-1998 <PERIOD-TYPE> 6-Mos <CASH> 1,282,700 <SECURITIES> 117,830 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,400,530 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,400,530 <CURRENT-LIABILITIES> 137,119 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 1,263,411 <TOTAL-LIABILITY-AND-EQUITY> 1,400,530 <SALES> 0 <TOTAL-REVENUES> 330,928 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 168,435 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 162,493 <EPS-PRIMARY> 3.57 <EPS-DILUTED> 0