TECHNOLOGY FUNDING SECURED INVESTORS III
10-Q, EX-27, 2000-08-14
ASSET-BACKED SECURITIES
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<TABLE> <S> <C>

<ARTICLE>6
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE FORM 10-Q AS OF JUNE 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
<MULTIPLIER>1

<FISCAL-YEAR-END>             DEC-31-2000
<PERIOD-START>                JAN-01-2000
<PERIOD-END>                  JUN-30-2000
<PERIOD-TYPE>                       6-MOS
<INVESTMENTS-AT-COST>          11,828,796
<INVESTMENTS-AT-VALUE>          4,817,786
<RECEIVABLES>                           0
<ASSETS-OTHER>                    133,227
<OTHER-ITEMS-ASSETS>               42,728
<TOTAL-ASSETS>                  4,993,741
<PAYABLE-FOR-SECURITIES>                0
<SENIOR-LONG-TERM-DEBT>                 0
<OTHER-ITEMS-LIABILITIES>         897,151
<TOTAL-LIABILITIES>               897,151
<SENIOR-EQUITY>                         0
<PAID-IN-CAPITAL-COMMON>       11,107,600
<SHARES-COMMON-STOCK>             399,977
<SHARES-COMMON-PRIOR>             399,977
<ACCUMULATED-NII-CURRENT>               0
<OVERDISTRIBUTION-NII>                  0
<ACCUMULATED-NET-GAINS>                 0
<OVERDISTRIBUTION-GAINS>                0
<ACCUM-APPREC-OR-DEPREC>       (7,011,010)
<NET-ASSETS>                    4,096,590
<DIVIDEND-INCOME>                       0
<INTEREST-INCOME>                   1,116
<OTHER-INCOME>                          0
<EXPENSES-NET>                    (89,814)
<NET-INVESTMENT-INCOME>            90,930
<REALIZED-GAINS-CURRENT>                0
<APPREC-INCREASE-CURRENT>               0
<NET-CHANGE-FROM-OPS>              90,930
<EQUALIZATION>                          0
<DISTRIBUTIONS-OF-INCOME>               0
<DISTRIBUTIONS-OF-GAINS>                0
<DISTRIBUTIONS-OTHER>                   0
<NUMBER-OF-SHARES-SOLD>                 0
<NUMBER-OF-SHARES-REDEEMED>             0
<SHARES-REINVESTED>                     0
<NET-CHANGE-IN-ASSETS>             90,930
<ACCUMULATED-NII-PRIOR>                 0
<ACCUMULATED-GAINS-PRIOR>               0
<OVERDISTRIB-NII-PRIOR>                 0
<OVERDIST-NET-GAINS-PRIOR>              0
<GROSS-ADVISORY-FEES>              39,534
<INTEREST-EXPENSE>                 26,265
<GROSS-EXPENSE>                   (86,914)
<AVERAGE-NET-ASSETS>            4,051,125
<PER-SHARE-NAV-BEGIN>               10.27
<PER-SHARE-NII>                         0
<PER-SHARE-GAIN-APPREC>                 0
<PER-SHARE-DIVIDEND>                    0
<PER-SHARE-DISTRIBUTIONS>               0
<RETURNS-OF-CAPITAL>                    0
<PER-SHARE-NAV-END>                 10.27
<EXPENSE-RATIO>                      (2.2)

</TABLE>


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