IAI INVESTMENT FUNDS III INC
NSAR-B, 1997-03-27
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<PAGE>      PAGE  1
000 B000000 01/31/97
000 C000000 0000806128
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000 J000000 A
001 A000000 IAI INVESTMENT FUND III, INC.
001 B000000 811-4904
001 C000000 6123762600
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002 B000000 MINNEAPOLIS
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002 D010000 55402
002 D020000 4327
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007 C020100 IAI INTERNATIONAL FUND
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007 C010600  6
007 C010700  7
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008 A00AA01 INVESTMENT ADVISERS, INC.
008 B00AA01 A
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008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55402
008 D04AA01 4327
008 A00AA02 IAI INTERNATIONAL, INC.
008 B00AA02 S
008 C00AA02 801-999999
008 D01AA02 LONDON
008 D05AA02 ENGLAND
010 A00AA01 INVESTMENT ADVISERS, INC.
010 B00AA01 8013784
<PAGE>      PAGE  2
010 C01AA01 MINNEAPOLIS
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010 C04AA01 4327
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011 B00AA01 8-43310
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011 C03AA01 55402
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013 A00AA01 KPMG PEAT MARWICK, LLP
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014 A00AA01 INVESTMENT ADVISERS, INC.
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015 A00AA01 NORWEST BANK MINNESOTA, N.A.
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SIGNATURE   SUSAN J HAEDT                                
TITLE       CONTROLLER          
 


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