Exhibit 32.1


                        POLARIS AIRCRAFT INCOME FUND III,
                        A California Limited Partnership


                            Certification Pursuant to

                             18 U.S.C. Section 1350,

                             As Adopted Pursuant to

                  Section 906 of the Sarbanes-Oxley Act of 2002



Pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002 (subsections (a) and
(b) of Section 1350,  Chapter 63 of Title 18,  United States Code),  each of the
undersigned officers of Polaris Investment  Management  Corporation (the General
Partner), does hereby certify, to such officer's knowledge, that:

The Annual  Report on Form 10-K for the year ended  December 31, 2003 of Polaris
Aircraft Income Fund III (A California  Limited  Partnership)  (the Partnership)
fully complies with the requirements of section 13(a) or 15(d) of the Securities
Exchange Act of 1934 and information contained in the Form 10-K fairly presents,
in all material respects,  the financial  condition and results of operations of
the Partnership.

Dated:   March 30, 2004
         --------------

/s/ William R Carpenter
- -----------------------
Name:    William R. Carpenter
Title:   President of Polaris  Investment  Management  Corporation  (the General
         Partner)


Dated:   March 30, 2004
         --------------

/s/ Stephen E. Yost
- -------------------
Name:    Stephen E Yost
Title:   Chief Financial Officer of Polaris  Investment  Management  Corporation
         (the General Partner)



A signed  original of this  written  statement  required by Section 906 or other
document  authenticating,  acknowledging,  or otherwise  adopting the signatures
that  appear  in typed  form  within  the  electronic  version  of this  written
statement required by Section 906, has been provided to the Partnership and will
be retained by the  Partnership  and  furnished to the  Securities  and Exchange
Commission or its staff upon request.