SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
           PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934

        Date of Report (Date of earliest event reported): October 7, 2003

                               JETFLEET III
             (Exact name of Registrant as specified in its charter)

     CALIFORNIA                                          94-3208983
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                        Identification No.)


                          1440 Chapin Avenue, Suite 310
                              Burlingame, CA 94010
               (Address of principal executive offices) (Zip Code)

                                  650-340-1880
               (Registrant's telephone number including area code)

                                 Not applicable
         (Former name and former address. if changed since last report)






 Item 4. Changes in Registrant's Certified Accountant

     Effective September 30, 2003, Vocker Kristofferson & Co. ("VK") resigned as
     auditors for the Company.  VK's  reports on  financial  statements  for the
     Company  for the last two years  did not  contain  an  adverse  opinion  or
     disclaimer  of opinion  nor were they  modified  as to  uncertainty,  audit
     scope, or accounting  principles.  There were no  disagreements  with VK or
     reportable  events, as defined und Item 304(a)(3)(b)  under Regulation S-B,
     during the last two fiscal years and through the date of this Form 8-K.

     On October 6, 2002, the Company  engaged Vavrinek, Trine, Day & Co. LLP
     as its auditors.

SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereto duly authorized.

 Date: October 7, 2003

 JETFLEET III

 By: /s/ Neal D. Crispin

 Neal D. Crispin,
 Chairman of the Board and President