AMERICAN RETIREMENT VILLAS PROPERTIES III LTD PARTNERSHIP
NT 10-K, 1997-04-01
REAL ESTATE
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                        UNITED STATES               OMB APPROVAL
             SECURITIES AND EXCHANGE COMMISSION     OMB NUMBER: 3235-0058
                    Washington, D.C. 20549          Expires: May 31, 1997  
                                                    Estimated average burden
                         FORM 12b-25                hours per response....2.50


                                                    SEC File Number   0-26470
                                                                    ------------

                                                    CUSIP Number        N/A    
                                                                    ------------

                          NOTIFICATION OF LATE FILING

(Check One):  
[X] Form 10-K   [ ] Form 11-K   [ ] Form 20-F   [ ] Form 10-Q SB  [ ] Form N-SAR

    For Period Ended:                    
                      --------------------------------------------------------

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR

    For the Transition Period Ended:
                                     -----------------------------------------

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

    Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

    If the notification relates to a portion of the filing checked above, 
identify the Item(s) to which the notification relates:

- ------------------------------------------------------------------------------

                       PART I -- REGISTRANT INFORMATION

                AMERICAN RETIREMENT VILLAS PROPERTIES III, L.P.
- ------------------------------------------------------------------------------
Full Name of Registrant

                            
- ------------------------------------------------------------------------------
Former Name if Applicable

                               245 FISCHER AVENUE
- ------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)

                              COSTA MESA, CA 92626
- ------------------------------------------------------------------------------
City, State and Zip Code

                       PART II--RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed.  (Check box if appropriate)

         [ ]        (a)     The reasons described in reasonable detail in Part 
                            III of this form could not be eliminated without 
                            unreasonable effort or expense;

         [X]        (b)     The subject annual report, semi-annual report,
                            transition report on Form 10-K, Form 20-F, Form
                            11-K, Form N-SAR, or portion thereof, will be filed
                            on or before the fifteenth calendar day following
                            the prescribed due date; or the subject quarterly
                            report or transition report on Form 10-Q, or portion
                            thereof will be filed on or before the fifth
                            calendar day following the prescribed due date; and

         [ ]        (c)     The accountant's statement or other exhibit required
                            by Rule 12b-25(c) has been attached if applicable.

                             PART III--NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 11-K, 10-Q, N-SAR
or the transition report portion thereof could not be filed within the 
prescribed time period. 
 
     The Partnership's year end audit has not been finalized

                                                 (ATTACH EXTRA SHEETS IF NEEDED)

                                                              SEC 1344 (11/91)


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