TECHNOLOGY FUNDING SECURED INVESTORS III
10-Q, EX-27, 2000-11-14
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 SEPTEMBER 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>                  SEP-30-2000
<PERIOD-TYPE>                       9-MOS
<INVESTMENTS-AT-COST>          11,828,796
<INVESTMENTS-AT-VALUE>            616,600
<RECEIVABLES>                           0
<ASSETS-OTHER>                     15,810
<OTHER-ITEMS-ASSETS>               43,839
<TOTAL-ASSETS>                    676,249
<PAYABLE-FOR-SECURITIES>                0
<SENIOR-LONG-TERM-DEBT>                 0
<OTHER-ITEMS-LIABILITIES>       1,047,863
<TOTAL-LIABILITIES>             1,047,863
<SENIOR-EQUITY>                         0
<PAID-IN-CAPITAL-COMMON>       10,840,582
<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>      (11,212,196)
<NET-ASSETS>                     (371,614)
<DIVIDEND-INCOME>                       0
<INTEREST-INCOME>                   1,571
<OTHER-INCOME>                          0
<EXPENSES-NET>                    199,854
<NET-INVESTMENT-INCOME>          (176,088)
<REALIZED-GAINS-CURRENT>                0
<APPREC-INCREASE-CURRENT>      (4,201,186)
<NET-CHANGE-FROM-OPS>          (4,377,274)
<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>         (4,377,274)
<ACCUMULATED-NII-PRIOR>                 0
<ACCUMULATED-GAINS-PRIOR>               0
<OVERDISTRIB-NII-PRIOR>                 0
<OVERDIST-NET-GAINS-PRIOR>              0
<GROSS-ADVISORY-FEES>              60,018
<INTEREST-EXPENSE>                 40,360
<GROSS-EXPENSE>                   203,454
<AVERAGE-NET-ASSETS>            1,817,023
<PER-SHARE-NAV-BEGIN>               10.27
<PER-SHARE-NII>                    (10.27)
<PER-SHARE-GAIN-APPREC>                 0
<PER-SHARE-DIVIDEND>                    0
<PER-SHARE-DISTRIBUTIONS>               0
<RETURNS-OF-CAPITAL>                    0
<PER-SHARE-NAV-END>                     0
<EXPENSE-RATIO>                        11

</TABLE>


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