<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