AMERICAN STRATEGIC INCOME PORTFOLIO INC III
NSAR-B, EX-27, 2000-07-28
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<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAY-31-2000
<PERIOD-END>                               MAY-31-2000
<INVESTMENTS-AT-COST>                        328838765
<INVESTMENTS-AT-VALUE>                       322474664
<RECEIVABLES>                                  2416164
<ASSETS-OTHER>                                   15094
<OTHER-ITEMS-ASSETS>                            390255
<TOTAL-ASSETS>                               325296177
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                       75596000
<OTHER-ITEMS-LIABILITIES>                       555832
<TOTAL-LIABILITIES>                           76151832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     312303603
<SHARES-COMMON-STOCK>                         21343292
<SHARES-COMMON-PRIOR>                         23837468
<ACCUMULATED-NII-CURRENT>                      1614929
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (58410086)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (6364101)
<NET-ASSETS>                                 249144345
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             31832205
<OTHER-INCOME>                                    5734
<EXPENSES-NET>                                 9526638
<NET-INVESTMENT-INCOME>                       22311301
<REALIZED-GAINS-CURRENT>                     (4346610)
<APPREC-INCREASE-CURRENT>                    (7397947)
<NET-CHANGE-FROM-OPS>                         10566744
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     23620197
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                    2494176
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      (42915071)
<ACCUMULATED-NII-PRIOR>                        2923825
<ACCUMULATED-GAINS-PRIOR>                   (54063476)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1702642
<INTEREST-EXPENSE>                             6285388
<GROSS-EXPENSE>                                9539427
<AVERAGE-NET-ASSETS>                         268882677
<PER-SHARE-NAV-BEGIN>                            12.25
<PER-SHARE-NII>                                   1.00
<PER-SHARE-GAIN-APPREC>                         (0.53)
<PER-SHARE-DIVIDEND>                            (1.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.67
<EXPENSE-RATIO>                                   1.21


</TABLE>


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