PHOENIX LEASING CASH DISTRIBUTION FUND III
15-12G, 2000-01-27
EQUIPMENT RENTAL & LEASING, NEC
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                                  UNITED STATES
                       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 OF 1934.

                         Commission File Number 0-16615
                                                -------

                   Phoenix Leasing Cash Distribution Fund III
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


              2401 Kerner Blvd. San Rafael, CA 94901 (415) 485-4500
- --------------------------------------------------------------------------------
(Address,  including zip code,  and telephone  number,  including  area code, of
registrant's principal executive offices)

                          Limited Partnership Interests
- --------------------------------------------------------------------------------
            (Title of each class of securities covered by this Form)

                                      None
- --------------------------------------------------------------------------------
(Titles 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)  __X__          Rule 12h-3(b)(1)(i)  _____
      Rule 12g-4(a)(1)(ii) _____          Rule 12h-3(b)(1)(ii) _____
      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:
     0
- -----------

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934 (Name of
registrant as specified in charter) has caused this  certification/notice  to be
signed on its behalf by the undersigned duly authorized person.

                                 Phoenix Leasing Incorporated, General Partner

Date:    1/27/00           By :  /s/ Howard Solovei
      -------------              -----------------------------------------------
                                 Howard Solovei
                                 Chief Financial Officer and Treasurer

Instruction:  This form is  required  by Rules  12g-4,  12h-3,  and 15d-6 of the
General Rules and  Regulations  under the  Securities  Exchange Act of 1934. The
registrant  shall file with the Commission three copies of Form 15, one of which
shall be manually signed.  It may be signed by an officer of the registrant,  by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.



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