VOYAGEUR MUTUAL FUNDS III INC /MN/
NSAR-B, EX-27.SELECT-B, 2000-06-28
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000763749
<NAME> VOYAGEUR MUTUAL FUNDS III
<SERIES>
   <NUMBER> 032
   <NAME> DELAWARE SELECT GROWTH FUND B CLASS

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                    1,463,068,392
<INVESTMENTS-AT-VALUE>                   1,698,208,161
<RECEIVABLES>                               43,678,810
<ASSETS-OTHER>                                   4,782
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,741,891,753
<PAYABLE-FOR-SECURITIES>                    69,129,635
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,870,505
<TOTAL-LIABILITIES>                         72,000,140
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,461,200,310
<SHARES-COMMON-STOCK>                       19,421,940
<SHARES-COMMON-PRIOR>                        4,133,364
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (26,448,466)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   235,139,769
<NET-ASSETS>                               674,810,180
<DIVIDEND-INCOME>                              674,846
<INTEREST-INCOME>                            3,262,862
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              15,085,755
<NET-INVESTMENT-INCOME>                   (11,148,047)
<REALIZED-GAINS-CURRENT>                     7,423,140
<APPREC-INCREASE-CURRENT>                  191,346,382
<NET-CHANGE-FROM-OPS>                      187,621,475
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                    13,263,180
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     16,099,565
<NUMBER-OF-SHARES-REDEEMED>                  1,217,125
<SHARES-REINVESTED>                            406,136
<NET-CHANGE-IN-ASSETS>                   1,380,755,591
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        6,395,217
<INTEREST-EXPENSE>                               1,454
<GROSS-EXPENSE>                             15,084,301
<AVERAGE-NET-ASSETS>                       357,233,223
<PER-SHARE-NAV-BEGIN>                           24.990
<PER-SHARE-NII>                                (0.544)
<PER-SHARE-GAIN-APPREC>                         11.923
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        1.629
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             34.740
<EXPENSE-RATIO>                                  2.040



</TABLE>


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