BALCOR PENSION INVESTORS III
15-12G, 1999-12-21
REAL ESTATE
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Form 15-12G -BALCOR PENSION INVESTORS-III

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 15

Certification and Notice of Termination of Registration under Section 12(g) of
the Securities and Exchange Act of 1934 or Suspension of Duty to File Reports
Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.

Commission File Number                  `33 Act No. 2-75938, 2-80123

BALCOR PENSION INVESTORS-III            `34 Act No. 0-11128
- -----------------------------------------------------------------
(Exact name of registrant as specified in its charter)

2355 Waukegan Road, Suite A-200, Bannockburn, Illinois 60015
(847) 267-1600
- -----------------------------------------------------------------
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)

Limited Partnership Interests
- -----------------------------------------------------------------
(Title of each class of securities covered by this Form)

None
- -----------------------------------------------------------------
(Titles of all other classes of securities for which a duty to file reports
under Section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s)
relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)(i) [X]
Rule 12h-3(b)(1)(i) [ ]
Rule 12g-4(a)(1)(ii)[ ]
Rule 12h-3(b)(1)(ii)[ ]
Rule 12g-4(a)(2)(i) [ ]
Rule 12h-3(b)(2)(i) [ ]
Rule 12g-4(a)(2)(ii)[ ]
Rule 12h-3(b)(2)(ii)[ ]
Rule 15d-6          [ ]

Approximate number of holders of record as of the certificate or notice date:

None
- ---------------

Pursuant to the requirements of the Securities Exchange Act of 1934, Balcor
Pension Investors-III, has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized persons.

Date: December 21, 1999

               Balcor Pension Investors-III
               An Illinois general partnership

               By: Balcor Mortgage Advisors-II, an
                   Illinois general partnership,
                   its general partner

               By: The Balcor Company, a Delaware Corporation, a
                   partner

               By: /s/ Jayne A. Kosik
                   ----------------------------------
                       Jayne A. Kosik

               Its: Senior Managing Director and
                    Chief Financial Officer



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