WNC CALIFORNIA HOUSING TAX CREDITS III LP
8-K, 1999-05-14
OPERATORS OF APARTMENT BUILDINGS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported):

                                  May 13, 1999

                         Commission file number: 0-23908

                  WNC California Housing Tax Credits III, L.P.
             (Exact name of registrant as specified in its charter)

State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization                                Identification No.)

California                                                           33-0531301

              3158 Redhill Avenue, Suite 120, Costa Mesa, CA 92626
               (Address of principal executive offices) (Zip Code)

                                 (714) 662-5565
              (Registrant's telephone number, including area code)

                                       N/A
          (Former name or former address, if changed since last report)


<PAGE>
Item 7.  Financial Statements and Exhibits

a.  Financial Statements of Businesses Acquired

INAPPLICABLE

b.  Pro Forma Financial Information

INAPPLICABLE

c.  Exhibits

INAPPLICABLE

Item 8.  Change in Fiscal Year

On May 13, 1999, WNC California Housing Tax Credits III, L.P. (the "Registrant")
determined  to change  its  fiscal-year  end from  December  31 to March 31. The
transition period from December 31, 1998 to March 31, 1999 will be reported in a
transition period Form 10-K.



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


WNC California Housing Tax Credits III, L.P.


By:  WNC California Tax Credit Partners III, L.P., 
a California limited partnership, General Partner


By:  WNC & Associates, Inc., General Partner


By:  /s/ John B. Lester, Jr.
John B. Lester, Jr., 
President of WNC & Associates, Inc.

Date: May 14, 1999


By:  /s/ Michael L. Dickenson
Michael L. Dickenson, 
Vice-President - Chief Financial Officer of WNC & Associates, Inc.

Date: May 14, 1999




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