BASS REAL ESTATE FUND III LIMITED PARTNERSHIP
15-12G, 1996-08-13
OPERATORS OF APARTMENT BUILDINGS
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                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15


          Certification and Notice of Termination of Registration under
             Section 12(g) of the Securities Exchange Act of 1934 or
              Suspension of Duty to File Reports Under Sections 13
                and 15(d) of the Securities Exchange Act or 193.


                                                 Commission File Number 33-25401

           Bass Real Estate Fund III Limited Partnership
             (Exact name of registrant as specified in its charter)

                 4000 Park Road, Charlotte, North Carolina 28209
                                  (704)523-9407
     (Address, telephone number of registrant's principal executive offices)

                      Units of Limited Partnership Interest
            (Title of each class of securities covered by this Form)

                                      None
  (Title 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)   [ ]          Rule 12h-3(b)(1)(i)   [ ]
         Rule 12g-4(a)(1)(ii)  [ ]          Rule 12h-3(b)(1)(ii)  [X]
         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 certification or 
notice date: 426

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
BASS   REAL   ESTATE   FUND   III   LIMITED    PARTNERSHIP   has   caused   this
certification/notice  to be  signed  on  its  behalf  by  the  undersigned  duly
authorized person.

DATE: August 9, 1996

                                     BASS REAL ESTATE FUND III,
                                     LIMITED PARTNERSHIP,

                                     By:      Marion Bass Real Estate
                                              Group, Inc.
                                              Managing General Partner


                                     By:      (signature of Marion F. Bass
                                               appears here)
                                              Marion F. Bass, President





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