<ARTICLE> 5 <CIK> 0000930832 <NAME> JetFleet III <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <EXCHANGE-RATE> 1 <CASH> 1,332,210 <SECURITIES> 0 <RECEIVABLES> 131,360 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,463,570 <PP&E> 13,196,240 <DEPRECIATION> 1,618,510 <TOTAL-ASSETS> 13,978,160 <CURRENT-LIABILITIES> 1,059,230 <BONDS> 11,076,350 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,661,450 <COMMON> 815,200 <OTHER-SE> (634,070) <TOTAL-LIABILITY-AND-EQUITY> 13,978,160 <SALES> 0 <TOTAL-REVENUES> 1,599,790 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 798,690 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 684,520 <INCOME-PRETAX> 116,580 <INCOME-TAX> 2,880 <INCOME-CONTINUING> 113,700 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 113,700 <EPS-BASIC> 0.14 <EPS-DILUTED> 0.14