WNC CALIFORNIA HOUSING TAX CREDITS III LP
8-K/A, 1999-01-06
OPERATORS OF APARTMENT BUILDINGS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K/A

                               AMENDMENT NO. 1 TO

                                 CURRENT REPORT

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

       Date of Report (Date of earliest event reported) December 16, 1998

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

   California                    0-23908                          33-0531301
(State or other jurisdiction   (Commission                      (IRS Employer 
   of incorporation)            File Number               Identification Number)

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

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

         16.1     Letter re change in certifying accountant.












<PAGE>


                                   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.
                                                        (Registrant)
Date: December 30, 1998        By: WNC California Tax Credit Partners III, L.P.,
                                   General Partner

                                   By:      WNC & Associates, Inc.,
                                            General Partner

                                            By:      /s/ JOHN B. LESTER, JR. ,
                                                         John B. Lester, Jr.,
                                                         President


December 29, 1998


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Gentlemen:

     We have been  furnished  with a copy of the  response to Item 4 of Form 8-K
for the event that  occurred on  December  16,  1998,  to be filed by our former
client,  WNC  California  Housing  Tax  Credits  III,  L.P.  We  agree  with the
statements contained in paragraphs (a)(1)(i), (ii), (iii), (iv), and (v) made in
response to that Item insofar as they relate to our firm.


                                Very truly yours,


                                /s/ CORBIN & WERTZ
                                Irvine, California



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