UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[XX] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For quarterly period ended September 30, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
For Quarter Ended September 30, 1994 Commission File No. 0-16511
American Income Partners III-A Limited Partnership
(Exact name of registrant as specified in its charter)
Massachusetts 04-2962676
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
Exchange Place, 14th Floor, Boston, MA 02109
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (617) 542-1200
______________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report.)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No______
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13, or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by a court during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. Yes_____ No___
[CAPTION]
AMERICAN INCOME PARTNERS III-A LIMITED PARTNERSHIP
FINANCIAL DATA SCHEDULE
EXHIBIT 27
This schedule contains summary financial information extracted from the
Statement of Financial Position and the Statement of Operations and is
qualified in its entirety by reference to such financial statements.
<TABLE>
December 31, September 30,
Item Number Item Description 1993 1994
<S> <S> <C> <C>
5-02(1) cash and cash items $ 1,486,204 $ 1,021,327
5-02(2) marketable securities 0 0
5-02(3)(a)(1) notes and accounts receivable - trade 528,729 423,828
5-02(4) allowances for doubtful accounts (185,000) (140,000)
5-02(6) inventory 0 0
5-02(9) total current assets 1,829,933 1,305,155
5-02(13) property, plant and equipment 16,701,367 14,516,683
5-02(14) accumulated depreciation (11,062,913) (9,747,311)
5-02(18) total assets 7,468,387 6,074,527
5-02(21) total current liabilities 665,370 611,436
5-02(22) bonds, mortgages and similar debt 560,198 257,641
5-02(28) preferred stock-mandatory redemption 0 0
5-02(29) preferred stock-no mandatory redemption 0 0
5-02(30) common stock 0 0
5-02(31) other stockholders' equity 6,242,819 5,205,450
5-02(32) total liabilities and stockholders' equity 7,468,387 6,074,527
5-03(b)1(a) net sales of tangible products 0 0
5-03(b)1 total revenues 2,747,214 1,489,049
5-03(b)2(a) cost of tangible goods sold 0 0
5-03(b)2 total costs and expenses applicable to sales and revenues 0 0
5-03(b)3 other costs and expenses 2,497,651 988,222
5-03(b)5 provision for doubtful accounts and notes 0 0
5-03(b)(8) interest and amortization and debt discount 54,907 9,387
5-03(b)(10) income before taxes and other items 0 0
5-03(b)(11) income tax expense 0 0
5-03(b)(14) income/loss continuing operations 194,656 491,440
5-03(b)(15) discontinued operations 0 0
5-03(b)(17) extraordinary items 0 0
5-03(b)(18) cumulative effect-changes in accounting principles 0 0
5-03(b)(19) net income or loss 194,656 491,440
5-03(b)(20) earnings per share-primary 0 0
5-03(b)(20) earnings per share-fully diluted 0 0
</TABLE>
AMERICAN INCOME PARTNERS III-A LIMITED PARTNERSHIP
FORM 10-Q
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
Response:
Refer to Note 7 to the financial statements, herein.
Item 2. Changes in Securities
Response: None
Item 3. Defaults upon Senior Securities
Response: None
Item 4. Submission of Matters to a Vote of Security Holders
Response: None
Item 5. Other Information
Response: None
Item 6(a). Exhibits
Response:
Exhibit 27 - Financial Data Schedule.
Item 6(b). Reports on Form 8-K
Response: None
SIGNATURE PAGE
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below on behalf of the registrant and in the capacity
and on the date indicated.
AMERICAN INCOME PARTNERS III-A LIMITED PARTNERSHIP
By: AFG Leasing Incorporated,
a Massachusetts corporation and
the Managing General Partner of
the Registrant.
By:/s/ Gary M. Romano
Gary M. Romano
Vice President and Controller
(Duly Authorized Officer and
Principal Accounting Officer)
Date: January 3, 1995
<PAGE>
