SECURED INVESTMENT RESOURCES FUND LP III
DEFA14A, 1999-06-22
REAL ESTATE
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                                  SCHEDULE 14A

                                 (Rule 14a-101)

                     INFORMATION REQUIRED IN PROXY STATEMENT

                            SCHEDULE 14A INFORMATION
              Proxy Statement Pursuant to Section 14(a) Securities
                              Exchange Act of 1934

Filed by the Registrant             |_|

Filed by a party other than the Registrant             |X|


        Check the appropriate box:

|_|     Preliminary Proxy Statement

|_|     Confidential, for Use of the Commission Only
           (as permitted by Rule 14a-6(e)(2))

|_|     Definitive Proxy Statement

|_|     Definitive Additional Materials

|X|     Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12

                  SECURED INVESTMENT RESOURCES FUND, L.P., III

                (Name of Registrant as Specified in Its Charter)

                              BOND PURCHASE, L.L.C.

    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of filing fee (Check the appropriate box):

|X|     No fee required

|_|     Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.



        (1)    Title of each class of securities to which transaction applies:


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        (2)   Aggregate number of securities to which transactions applies:

        (3)    Per  unit  price  or  other  underlying   value   of  transaction
               computed  pursuant  to  Exchange  Act Rule 0-11  (Set  forth  the
               amount on which the filing fee is calculated and state how it was
               determined.)

        (4)   Proposed maximum aggregate value of transaction:

        (5)   Total Fee paid:

|_|     Fee paid previously with preliminary materials

|_|     Check  box if any part of the fee is offset as provided by Exchange  Act
        Rule  0-11(a)(2)  and  identify the filing for which the  offsetting fee
        was  paid  previously.  Identify  the  previous  filing by  registration
        statement number, or the Form or Schedule and the date of its filing.

        (1)      Amount previously paid:

        (2)      Form, Schedule or Registration Statement No.:

        (3)      Filing party:

        (4)      Date filed:





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                   Secured Investment Resources Fund, L.P. III
  P.O. Box 26730 Kansas City, Missouri 64196 (816) 421-4670 Fax (816) 221-1829




June 21, 1999


To the Limited Partners:

We have extended the  Expiration  Date with respect to the consent  solicitation
regarding  i) the  assignment  of James R. Hoyt's and SIR Partners  III,  L.P.'s
general partner  interests in Secured  Investment  Resources Fund, L.P. III (the
"Partnership") to Nichols Resources,  Ltd. ("Nichols"),  and ii) the appointment
of Nichols, a general partner of the Partnership,  as successor Managing General
Partner (the "Consent Solicitation") from June 21, 1999 to July 21, 1999.

Please complete, sign and date the consent and mail your consent back to Nichols
at P.O. Box 26730, Kansas City, Missouri 64196.

Consents  may be revoked at any time before the  Expiration  Date in  accordance
with the procedures set forth in the Consent Statement.

Complete  information  regarding this Consent  Solicitation  is contained in the
Consent Statement previously sent to you. If you need another Consent or copy of
the Consent  Statement or have any questions,  please  contact  Nichols at (816)
421-4670.

Sincerely,

Nichols Resources, Ltd.
General Partner



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