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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 25, 1996
Commission file number: 0-20081
PruTech Research and Development Partnership III
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(Exact name of Registrant as specified in its charter)
Delaware 77-0129484
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
440 Mission Court, Suite 250, Fremont, California 94539
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 656-1855
N/A
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Former name, former address and former fiscal year, if
changed since last report.
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Item 4 - Change in Registrant's Certifying Accountant
(a) Previous independent accountants
(i) On June 25, 1996, the General Partner of the Registrant dismissed
Deloitte & Touche LLP as the independent accountants of the
Registrant.
(ii) The reports of Deloitte & Touche LLP on the financial statements for
the past two fiscal years contained no adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principles.
(iii) In connection with its audits for the two most recent fiscal years and
during the subsequent interim period, there have been no disagreements
with Deloitte & Touche LLP on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedure, which if not resolved to the satisfaction of the accountants,
would have caused them to make a reference to the matter in their
report.
(iv) The Registrant has requested that Deloitte & Touche LLP furnish it with
a letter addressed to the Securities and Exchange Commission stating
whether it agrees with the above statements. A copy of such letter dated
June 28, 1996 is filed as Exhibit 16.1 to this Form 8-K.
(b) New independent accountants
The General Partner of the Registrant engaged Price Waterhouse LLP as the
new independent accountants of the Registrant as of June 25, 1996.
During the two most recent fiscal years and through June 25, 1996, the
Registrant has not consulted with Price Waterhouse LLP on items which 1)
were or should have been subject to Statement of Auditing Standards No. 50
or 2) concerned the subject matter of a disagreement or reportable event
with the former accountants (as described in Regulation S-K Item
304(a)(2)).
Item 7 - Financial Statements and Exhibits
(c) Exhibits
16.1 Letter dated June 28, 1996 from Deloitte & Touche LLP to the
Securities and Exchange Commission with regard to Item 4 of
this report.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PruTech Research and Development Partnership III
By: R&D Funding Corp
A Delaware corporation, General Partner
By: /s/ Steven Carlino Date: June 28, 1996
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Steven Carlino
Vice President
Chief Accounting Officer for the Registrant
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June 28, 1996
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of PruTech
Research and Development Partnership III dated June 25, 1996.
Yours truly,
Deloitte & Touche LLP
New York, New York
