FLORIDA INCOME FUND III LIMITED PARTNERSHIP
15-12G, 1998-12-11
REAL ESTATE
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                            FORM 15
              SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C. 20549

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.

         FLORIDA INCOME FUND III, LIMITED PARTNERSHIP
    (Exact name of Registrant as specified in its Charter)

      DELAWARE            33-19152             65-0016187
    (State or other      (Commission          (IRS Employer
     Jurisdiction         File Number)         Identification No.)
     of Incorporation)

      12800 UNIVERSITY DRIVE, FORT MYERS, FLORIDA   33907
     (Address of principal executive offices)   (Zip Code)

Registrant's telephone number, including area code: (941) 481-2011

                 UNITS OF LIMITED PARTNERSHIP
   (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)(ii)  [   ]
     Rule 12g-4(a)(1)(ii)  [   ]    Rule 12h-3(b)(2)(i)   [   ]
     Rule 12g-4(a)(2)(i)   [   ]    Rule 12h-3(b)(2)(ii)  [   ]
     Rule 12g-4(a)(2)(ii)  [   ]    Rule 15d-6            [   ]
     Rule 12h-3(b)(1)(i)   [   ]

Approximate number of holders of record as of the certification or
notice date:  143

Pursuant to the requirements of the Securities Exchange Act of
1934, Florida Income Fund III, Limited Partnership has caused this
certificate/notice to be signed on its behalf by a duly authorized
person.

Date: 12/11/98        By:  /s/ ALLEN G. TEN BROEK
                           ________________________________
                           Allen G. Ten Broek, President
                           Mariner Capital Management, Inc.
                           Managing General Partner for
                           Florida Income Fund III, 
                           Limited Partnership



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