<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Angeles Income Properties, Ltd. III's 1995 second quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 1,983,151 <SECURITIES> 0 <RECEIVABLES> 55,875 <ALLOWANCES> 20,782 <INVENTORY> 0 <CURRENT-ASSETS> 2,114,703 <PP&E> 13,940,979 <DEPRECIATION> (7,629,678) <TOTAL-ASSETS> 9,379,160 <CURRENT-LIABILITIES> 80,460 <BONDS> 3,472,438 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (2,007,866) <TOTAL-LIABILITY-AND-EQUITY> 9,379,160 <SALES> 0 <TOTAL-REVENUES> 829,824 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 911,371 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 197,214 <INCOME-PRETAX> (609,057) <INCOME-TAX> 0 <INCOME-CONTINUING> (609,057) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (609,057) <EPS-PRIMARY> (6.95) <EPS-DILUTED> 0