<ARTICLE> 5 <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 0000930832 <NAME> JETFLEET III <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <EXCHANGE-RATE> 1 <CASH> 1,981,640 <SECURITIES> 0 <RECEIVABLES> 155,040 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,136,680 <PP&E> 13,196,240 <DEPRECIATION> 1,934,940 <TOTAL-ASSETS> 14,394,730 <CURRENT-LIABILITIES> 1,137,230 <BONDS> 11,076,350 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,661,450 <COMMON> 815,200 <OTHER-SE> (295,500) <TOTAL-LIABILITY-AND-EQUITY> 14,394,730 <SALES> 0 <TOTAL-REVENUES> 597,380 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 267,350 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 228,170 <INCOME-PRETAX> 101,860 <INCOME-TAX> 31,010 <INCOME-CONTINUING> 70,850 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 70,850 <EPS-BASIC> 0.09 <EPS-DILUTED> 0.09