<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>                    Dec-31-1998

<PERIOD-TYPE>                   12-Mos

<CASH>                          1,157,931

<SECURITIES>                    73,760

<RECEIVABLES>                   0

<ALLOWANCES>                    0

<INVENTORY>                     0

<CURRENT-ASSETS>                1,231,691

<PP&E>                          0

<DEPRECIATION>                  0

<TOTAL-ASSETS>                  1,231,691

<CURRENT-LIABILITIES>           120,198

<BONDS>                         0

<PREFERRED-MANDATORY>           0

<PREFERRED>                     0

<COMMON>                        0

<OTHER-SE>                      1,111,493

<TOTAL-LIABILITY-AND-EQUITY>    1,231,691

<SALES>                         0

<TOTAL-REVENUES>                359,797

<CGS>                           0

<TOTAL-COSTS>                   0

<OTHER-EXPENSES>                319,826

<LOSS-PROVISION>                0

<INTEREST-EXPENSE>              0

<INCOME-PRETAX>                 0

<INCOME-TAX>                    0

<INCOME-CONTINUING>             0

<DISCONTINUED>                  0

<EXTRAORDINARY>                 0

<CHANGES>                       0

<NET-INCOME>                    39,971

<EPS-PRIMARY>                   .88

<EPS-DILUTED>                   0