1
                            FORM 10-Q


               SECURITIES AND EXCHANGE COMMISSION


                     Washington, D.C. 20549



                           (Mark One)


(X)   QUARTERLY REPORT PERSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934.


      For the quarterly period ended June 30, 2000


                                             or


( )   TRANSITION REPORT PERSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934

      For the transition period from _______ to _______

Commission file number        0-21718


             BOSTON CAPITAL TAX CREDIT FUND III L.P.
     (Exact name of registrant as specified in its charter)

Delaware                      52-1749505
(State or other jurisdiction  (I.R.S. Employer
of incorporation or           Identification No.)
organization)


One Boston Place, Suite 2100, Boston, Massachusetts  02108
(Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code (617)624-8900


(Former name, former address and former fiscal year, if changed
since last report)

      Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceeding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes   X           No    _





             BOSTON CAPITAL TAX CREDIT FUND III L.P.


                  QUARTERLY REPORT ON FORM 10-Q
               FOR THE QUARTER ENDED June 30, 2000


                        TABLE OF CONTENTS


FOR THE QUARTER ENDED JUNE 30, 2000                            2
BALANCE SHEETS                                                 4
 SERIES 15                                                    5
 SERIES 16                                                    6
 SERIES 17                                                    7
 SERIES 18                                                    8
 SERIES 19                                                    9
STATEMENTS OF OPERATIONS                                      10
THREE MONTHS ENDED JUNE 30,                                   10
 SERIES 15                                                   11
 SERIES 16                                                   12
 SERIES 17                                                   13
 SERIES 18                                                   14
 SERIES 19                                                   15
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL                    16
 SERIES 15                                                   17
 SERIES 16                                                   17
 SERIES 17                                                   18
 SERIES 18                                                   18
 SERIES 19                                                   19
STATEMENTS OF CASH FLOWS                                      20
THREE MONTHS ENDED JUNE 30,                                   20
 SERIES 15                                                  222
 SERIES 16                                                   24
 SERIES 17                                                   26
 SERIES 18                                                   28
 SERIES 19                                                  300
NOTES TO FINANCIAL STATEMENTS                                322
 NOTE A - ORGANIZATION                                      322
 NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES       333
 INVESTMENT SECURITIES                                      333
COST                                ERROR! BOOKMARK NOT DEFINED.
 NOTE C - RELATED PARTY TRANSACTIONS                         34
 NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS              35
COMBINED SUMMARIZED STATEMENTS OF OPERATIONS                  37
 SERIES 15                                                   37
 SERIES 16                                                   38
 SERIES 17                                                   39
 SERIES 18                                                   40
 SERIES 19                                                  411
 LIQUIDITY                                                  433
 CAPITAL RESOURCES                                          433
 RESULTS OF OPERATIONS                                       44
YEAR 2000 COMPLIANCE                                          48
PART II - OTHER INFORMATION                                   49
SIGNATURES                                                    50

             Boston Capital Tax Credit Fund III L.P.
                         BALANCE SHEETS

                                      June 30,        March 31,
                                        2000            2000
                                    (Unaudited)       (Audited)
ASSETS
INVESTMENTS IN OPERATING             $ 93,867,056     $ 96,374,955
PARTNERSHIPS (Note D)


OTHER ASSETS
Cash and cash equivalents               1,873,383        1,754,063

Investments                             1,540,719        1,538,967
Notes receivable                        1,309,982        1,364,322
Deferred acquisition costs, net
of accumulated amortization (Note
B)
                                        1,526,124        1,543,349
Other assets                            2,997,561        2,940,636
                                     $103,114,825     $105,516,292

LIABILITIES

Accounts payable & accrued
expenses
(Note C)                             $      4,551     $      4,553
Accounts payable affiliates
                                       14,056,479       13,374,147
Capital contributions payable
                                        1,432,250        1,432,250
                                       15,493,280       14,810,950

PARTNERS' CAPITAL

Limited Partners

   Units of limited partnership
   interest, $10 stated value per
BAC;
   22,000,000 authorized BACs;
   21,996,102 issued and                                91,687,950
outstanding,                           88,634,992
   as of March 31, 2000

General Partner                       (1,013,447)        (982,608)
                                       87,621,545       90,705,342
                                     $103,114,825     $105,516,292







  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.
                         BALANCE SHEETS

                            Series 15

                                      June 30,        March 31,
                                        2000            2000
                                    (Unaudited)       (Audited)
ASSETS

INVESTMENTS IN OPERATING
   PARTNERSHIPS(Note D)
                                      $11,838,213      $12,293,726

OTHER ASSETS
Cash and cash equivalents
                                          357,939          308,497
Investments                               135,167          135,167
Notes receivable                                -           32,170
Deferred acquisition costs,
   net of accumulated
amortization
  (Note B)                                233,884          236,512

Other assets                              860,340          858,625
                                      $13,425,543      $13,864,697

LIABILITIES

Accounts payable & accrued
expenses
  (Note C)                            $     1,144     $      1,145
Accounts payable affiliates
                                        3,871,426        3,734,413
Capital contributions payable
                                           32,922           32,922
                                        3,905,492        3,768,480

PARTNERS' CAPITAL

Limited Partners

   Units of limited partnership
   interest, $10 stated value per
   BAC; 22,000,000 authorized
BACs;
   3,870,500 issued and                 9,757,522       10,327,926
outstanding,
   as of March 31, 2000
General Partner                         (237,471)        (231,709)
                                        9,520,051       10,096,217
                                      $13,425,543      $13,864,697






  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.
                         BALANCE SHEETS

                            Series 16

                                      June 30,        March 31,
                                        2000            2000
                                    (Unaudited)       (Audited)
ASSETS

INVESTMENTS IN OPERATING
   PARTNERSHIPS (Note D)
                                      $23,113,328      $23,933,776

OTHER ASSETS
Cash and cash equivalents
                                          316,164          307,415
Investments                               654,460          652,708
Notes receivable                                -                -
Deferred acquisition costs,
   net of accumulated
amortization
  (Note B)                                374,958          379,171
Other assets                              137,589          130,891
                                      $24,596,499      $25,403,961

LIABILITIES

Accounts payable & accrued
expenses
  (Note C)                            $         -      $         -
Accounts payable affiliates
                                        3,292,041        3,119,046
Capital contributions payable
                                          140,006          140,006
                                        3,432,047        3,259,052

PARTNERS' CAPITAL
Limited Partners

   Units of limited
partnership
   Interest, $10 stated value per
   BAC; 22,000,000 authorized
BACs;                                  21,419,417       22,390,069
   5,429,402 issued and
outstanding,
   as of March 31, 2000
General Partner                         (254,965)        (245,160)

                                       21,164,452       22,144,909
                                      $24,596,499      $25,403,961



  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.
                         BALANCE SHEETS

                            Series 17

                                      June 30,        March 31,
                                        2000            2000
                                    (Unaudited)       (Audited)
ASSETS

INVESTMENTS IN OPERATING
   PARTNERSHIPS (Note D)
                                      $21,186,829      $21,661,017

OTHER ASSETS
Cash and cash equivalents
                                          436,868          404,005
Investments                                     -                -
Notes receivable                        1,309,982        1,332,152
Deferred acquisition costs,
   net of accumulated
amortization
  (Note B)                                338,210          342,098

Other assets                            1,917,069        1,874,478
                                      $25,188,958      $25,613,750

LIABILITIES

Accounts payable & accrued
expenses
  (Note C)                            $         -      $         -
Accounts payable affiliates
                                        4,159,826        3,985,826
Capital contributions payable
                                        1,206,768        1,206,768
                                        5,366,594        5,192,594

PARTNERS' CAPITAL

Limited Partners

   Units of limited
partnership
   Interest, $10 stated value per
   BAC; 22,000,000 authorized
BACs;                                  20,053,820       20,646,624
   5,000,000 issued and
outstanding,
   as of March 31, 2000
General Partner                         (231,456)        (225,468)
                                       19,822,364       20,421,156
                                      $25,188,958      $25,613,750






  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.
                         BALANCE SHEETS

                            Series 18

                                      June 30,        March 31,
                                        2000            2000
                                    (Unaudited)       (Audited)
ASSETS

INVESTMENTS IN OPERATING
   PARTNERSHIPS (NOTE D)
                                     $ 16,227,140     $ 16,650,144

OTHER ASSETS
Cash and cash equivalents
                                          408,447          377,094
Investments                               102,771          102,771
Notes receivable                                -                -
Deferred acquisition costs, net
of
   accumulated amortization(Note
B)                                        254,889          257,743
Other assets                               63,286           62,002
                                      $17,056,533      $17,449,754

LIABILITIES

Accounts payable & accrued
expenses
  (Note C)                           $          -     $          -
Accounts payable affiliates
                                        1,757,424        1,661,937
Capital contributions payable
                                           18,554           18,554
                                        1,775,978        1,680,491

PARTNERS' CAPITAL

Limited Partners

   Units of limited
partnership
   Interest, $10 stated value per
   BAC; 22,000,000 authorized
BACs;                                  15,437,977       15,921,798
   3,616,200 issued and
outstanding,
   as of March 31, 2000
General Partner                         (157,422)        (152,535)
                                       15,280,555       15,769,263
                                      $17,056,533      $17,449,754





  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.
                         BALANCE SHEETS

                            Series 19

                                      June 30,        March 31,
                                        2000            2000
                                    (Unaudited)       (Audited)
ASSETS

INVESTMENTS IN OPERATING
   PARTNERSHIPS (NOTE D)
                                      $21,501,546     $ 21,836,292

OTHER ASSETS
Cash and cash equivalents
                                          353,965          357,052
Investments                               648,321          648,321
Notes receivable                                -                -
Deferred acquisition costs,
   net of accumulated
amortization
   (Note B)                               324,183          327,825
Other assets                               19,277           14,640
                                      $22,847,292      $23,184,130

LIABILITIES

Accounts payable & accrued
expenses
   (Note C)                           $     3,407     $      3,408
Accounts payable affiliates
                                          975,762          872,925
Capital contributions payable
                                           34,000           34,000
                                        1,013,169          910,333

PARTNERS' CAPITAL

Limited Partners

   Units of limited
partnership
   Interest, $10 stated value per
   BAC; 22,000,000 authorized
BACs;                                  21,966,256       22,401,533
   4,080,000 issued and
outstanding,
   as of March 31, 2000
General Partner                         (132,133)        (127,736)
                                       21,834,123       22,273,797
                                      $22,847,292      $23,184,130






  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF OPERATIONS

                   Three Months Ended June 30,
                           (Unaudited)





                                          2000           1999

Income
  Interest income                      $     28,179   $     59,471
  Other income                                  998            300
                                             29,177         59,771

Share of loss from Operating
  Partnerships(Note D)                  (2,489,704)    (2,714,397)

Expenses
  Professional fees                          13,372         52,887
  Fund management fee (Note C)              547,815        595,028
  Amortization                               17,225         25,169
  General and administrative                 44,858         52,310
expenses
                                            623,270        725,394

  NET LOSS                             $(3,083,797)   $(3,380,020)

Net loss allocated to limited          $(3,052,958)   $(3,346,220)
partners

Net loss allocated general partner     $   (30,839)   $   (33,800)

Net loss per BAC                       $      (.69)   $      (.74)






















  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF OPERATIONS

                   Three Months Ended June 30,
                           (Unaudited)

                            Series 15


                                          2000           1999

Income
  Interest income                       $     4,294    $    13,494
  Other income                                    9              -
                                              4,303         13,494

Share of loss from Operating
  Partnerships(Note D)                    (455,506)      (512,749)

Expenses
  Professional fees                           3,230         14,598
  Fund management fee                       110,891        119,516
  Amortization                                2,628          2,628
  General and administrative                  8,214         10,612
expenses
                                            124,963        147,354

  NET LOSS                              $ (576,166)    $ (646,609)

Net loss allocated to limited           $ (570,404)    $ (640,143)
partners

Net loss allocated general partner      $   (5,762)    $   (6,466)

Net loss per BAC                        $     (.15)    $     (.16)























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF OPERATIONS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 16


                                          2000           1999

Income
  Interest income                       $    10,425    $    12,322
  Other income                                  436            150
                                                            12,472
                                             10,861

Share of loss from Operating
  Partnerships(Note D)                    (819,165)      (829,749)

Expenses
  Professional fees                           4,283         12,260
  Fund management fee                       152,430        152,827
  Amortization                                4,213          4,213
  General and administrative                 11,227         13,037
expenses
                                            172,153        182,337

  NET LOSS                              $ (980,457)    $  999,614)

Net loss allocated to limited           $ (970,652)    $ (989,618)
partners

Net loss allocated general partner      $   (9,805)    $   (9,996)

Net loss per BAC                        $     (.18)    $     (.18)






















  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF OPERATIONS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 17


                                          2000           1999

Income
  Interest income                       $     2,998    $     4,617
  Other income                                  553            150
                                              3,551          4,767

Share of loss from Operating
  Partnerships(Note D)                    (473,016)      (605,664)

Expenses
  Professional fees                           2,446         10,811
  Fund management fee                       112,419        132,841
  Amortization                                3,888         11,662
  General and administrative                 10,574         12,437
expenses
                                            129,327        167,751

  NET LOSS                              $ (598,792)    $ (768,648)

Net loss allocated to limited           $ (592,804)    $ (760,961)
partners

Net loss allocated general partner      $   (5,988)    $   (7,687)

Net loss per BAC                        $     (.12)    $     (.15)






















  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF OPERATIONS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 18


                                          2000           1999

Income
  Interest Income                       $     3,310    $     4,481
                                                  -
                                                                 -
                                              3,310          4,481

Share of loss from Operating
  Partnerships(Note D)                    (407,350)      (340,799)

Expenses
  Professional fees                           1,916          9,123
  Fund management fee                        72,916         90,457
  Amortization                                2,854          2,853
  General and administrative                  6,982          7,788
expenses
                                             84,668        110,221

  NET LOSS                              $ (488,708)    $ (446,539)

Net loss allocated to limited           $ (483,821)    $ (442,074)
partners

Net loss allocated general partner      $   (4,887)    $   (4,465)

Net loss per BAC                        $     (.14)    $     (.12)






















  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF OPERATIONS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 19


                                          2000           1999

Income
  Interest income                      $      7,152     $   24,557
  Other income                                    -              -
                                              7,152         24,557

Share of loss from Operating
  Partnerships(Note D)                    (334,667)      (425,436)

Expenses
  Professional fees                           1,497          6,095
  Fund management fee                        99,159         99,387
  Amortization                                3,642          3,813
  General and administrative                  7,861          8,436
expenses
                                            112,159        117,731

  NET LOSS                              $ (439,674)    $ (518,610)

Net loss allocated to limited           $ (435,277)    $ (513,424)
partners

Net loss allocated general partner      $   (4,397)    $   (5,186)

Net loss per BAC                        $     (.11)    $     (.13)






















  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

           STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                   Three Months Ended June 30,
                           (Unaudited)




                                     General
                                     Partner
                       Assignees                    Total

Partners' Capital
 (deficit)
  April 1, 2000                  $            $  $ 90,705,342
                        91,687,950    (982,608)


Net income (loss)      (3,052,958)     (30,839)   (3,083,797)

Partners' capital
 (deficit),
  June 30, 2000                  $            $  $ 87,621,545
                        88,634,992  (1,013,447)


































  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

           STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                   Three Months Ended June 30,
                           (Unaudited)

                       Assignees     General        Total
                                     Partner
      Series 15
Partners' Capital
 (deficit)
  April 1, 2000                  $ $  (231,709)  $ 10,096,217
                        10,327,926


Net income (loss)        (570,404)      (5,762)     (576,166)

Partners' capital
 (deficit),
  June 30, 2000                  $ $  (237,471)  $  9,520,051
                         9,757,522


      Series 16
Partners' Capital
 (deficit)
  April 1, 2000                  $ $  (245,160)  $ 22,144,909
                        22,390,069


Net income (loss)        (970,652)      (9,805)     (980,457)

Partners' capital
 (deficit),
  June 30, 2000                  $ $  (254,965)  $ 21,164,152
                        21,419,417

























The accompanying notes are an integral part of these statements.
             Boston Capital Tax Credit Fund III L.P.

           STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                   Three Months Ended June 30,
                           (Unaudited)


                       Assignees     General        Total
                                     Partner
      Series 17
Partners' Capital
 (deficit)
  April 1, 2000                  $            $  $ 20,421,156
                        20,646,624    (225,468)


Net income (loss)        (592,804)      (5,988)
                                                    (598,792)

Partners' capital
 (deficit),
  June 30, 2000                  $ $  (231,456)  $ 19,822,364
                        20,053,820


      Series 18
Partners' Capital
 (deficit)
  April 1, 2000                  $  $ (152,535)  $ 15,769,263
                        15,921,798


Net income (loss)        (483,821)      (4,887)     (488,708)

Partners' capital
 (deficit),
  June 30, 2000                  $ $  (157,422)  $ 15,280,555
                        15,437,977
























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

           STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                   Three Months Ended June 30,
                           (Unaudited)



                       Assignees     General        Total
                                     Partner
     Series 19
Partners' Capital
 (deficit)
  April 1, 2000                  $            $  $ 22,273,797
                        22,401,533    (127,736)


Net income (loss)        (435,277)      (4,397)     (439,674)

Partners' capital
 (deficit),
  June 30, 2000                  $ $  (132,133)  $ 21,834,123
                        21,966,256





































  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)




                                        2000           1999
Cash Flows from operating
activities:

   Net Loss                          $(3,083,797)   $(3,380,020)
   Adjustments
      Distributions from Operating
        Partnerships                       18,195         37,565
      Amortization                         17,225         25,170
      Share of Loss from Operating
        Partnerships                    2,489,704      2,714,397
   Changes in assets and
liabilities
     (Decrease) Increase in
accounts                                                 380,778
        payable and accrued        (2)
expenses
      Decrease (Increase) in
accounts                                 (56,925)      (115,475)
        Receivable
      Decrease (Increase) in
accounts                                  682,332        424,931
        Payable affiliates

      Net cash (used in) provided
by                                         66,732         87,346
        Operating activities


Cash Flows from investing
activities:

   Capital contributions paid to
     Operating Partnerships                     -              -
   Advances in Operating                   54,340              -
Partnerships
   Investments                            (1,752)       (80,000)

   Net cash (used in) provided by
     investing activities                  52,588       (80,000)













  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)




                                        2000           1999

Continued

Cash flows from financing
activity:

   Credit adjusters received from
     Operating Partnerships                     -              -

      Net cash (used in)provided
by                                              -              -
        financing activity


      INCREASE (DECREASE) IN CASH
AND                                       119,320          7,346
        CASH EQUIVALENTS

Cash and cash equivalents,              1,754,063      1,693,799
beginning

Cash and cash equivalents, ending     $ 1,873,383    $ 1,701,145




























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 15

                                        2000           1999
Cash Flows from operating
activities:

   Net Loss                            $(576,166)    $ (646,609)
   Adjustments
      Distributions from Operating
        Partnerships                            7            882
      Amortization                          2,628          2,628
      Share of Loss from Operating
        Partnerships                      455,506        512,749
   Changes in assets and
liabilities
     (Decrease) Increase in
accounts                                                  12,921
        payable and accrued             (1)
expenses
      Decrease (Increase) in
accounts                                  (1,715)        (1,717)
        Receivable
      Decrease (Increase) in
accounts                                  137,013        138,141
        payable affiliates

      Net cash (used in) provided
by                                         17,272         18,995
        operating activities


Cash Flows from investing
activities:

   Capital contributions paid to
     Operating Partnerships                     -              -
   Advances in Operating                                       -
Partnerships                               32,170
   Investments                                  -              -

   Net cash (used in) provided by
     investing activities                  32,170              -













  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 15

                                        2000           1999

Continued

Cash flows from financing
activity:

   Credit adjusters received from
     Operating Partnerships                     -              -

      Net cash (used in)provided
by                                              -              -
        financing activity


      INCREASE (DECREASE) IN CASH
AND                                        49,442         18,995
        CASH EQUIVALENTS

Cash and cash equivalents,                308,497        306,884
beginning

Cash and cash equivalents, ending      $  357,939     $  325,879





























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 16

                                        2000           1999
Cash Flows from operating
activities:

   Net Loss                            $(980,457)     $(999,614)
   Adjustments
      Distributions from Operating
        Partnerships                        1,283              -
      Amortization                          4,213          4,214
      Share of Loss from Operating
        Partnerships                      819,165        829,749
   Changes in assets and
liabilities
     (Decrease) Increase in
accounts                                        -         12,260
        payable and accrued
expenses
      Decrease (Increase) in
accounts                                  (6,698)       (11,162)
        Receivable
      Decrease (Increase) in
accounts                                                 172,995
        payable affiliates                172,995

      Net cash (used in) provided
by                                         10,501          8,442
        operating activities


Cash Flows from investing
activities:

   Capital contributions paid to
     Operating Partnerships                     -              -
   Advances in Operating                        -              -
Partnerships
   Investments                            (1,752)              -

   Net cash (used in) provided by
     investing activities                 (1,752)              -













  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 16

                                        2000           1999

Continued

Cash flows from financing
activity:

   Credit adjusters received from
     Operating Partnerships                     -              -

      Net cash (used in)provided
by                                              -              -
        financing activity


      INCREASE (DECREASE) IN CASH
AND                                         8,749          8,442
        CASH EQUIVALENTS

Cash and cash equivalents,                307,415        213,451
beginning

Cash and cash equivalents, ending      $  316,164     $  221,893





























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 17

                                        2000           1999
Cash Flows from operating
activities:

   Net Loss                          $  (598,792)     $(768,648)
   Adjustments
      Distributions from Operating
        Partnerships                        1,172          4,113
      Amortization                          3,888         11,662
      Share of Loss from Operating
        Partnerships                      473,016        605,664
   Changes in assets and
liabilities
     (Decrease) Increase in
accounts                                        -        342,298
        payable and accrued
expenses
     (Decrease) Increase in
accounts                                 (42,591)      (101,547)
        receivable
      Decrease (Increase) in
accounts                                  174,000       (84,531)
        payable affiliates

      Net cash (used in) provided
by                                         10,693          9,011
        operating activities


Cash Flows from investing
activities:

   Capital contributions paid to
     Operating Partnerships                     -              -
   Advances in Operating                                       -
Partnerships                       22,170
   Investments                                  -              -

   Net cash (used in) provided by
     Investing activities                  22,170              -













  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 17

                                        2000           1999

Continued

Cash flows from financing
activity:

   Credit adjusters received from
     Operating Partnerships                     -              -

      Net cash (used in)provided
by                                              -              -
        financing activity


      INCREASE (DECREASE) IN CASH
AND                                        32,863          9,011
        CASH EQUIVALENTS

Cash and cash equivalents,                404,005        349,189
beginning

Cash and cash equivalents, ending     $   436,868    $   358,200




























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 18

                                        2000           1999
Cash Flows from operating
activities:

   Net Loss                            $(488,708)     $(446,539)
   Adjustments
      Distributions from Operating
        Partnerships                       15,654          1,130
      Amortization                          2,854          2,853
      Share of Loss from Operating
        Partnerships                      407,350        340,799
   Changes in assets and
liabilities
     (Decrease) Increase in
accounts                                        -          7,310
        payable and accrued
expenses
      Decrease (Increase) in
accounts                                  (1,284)        (2,844)
        Receivable
      Decrease (Increase) in
accounts                                   95,487         95,488
        payable affiliates

      Net cash (used in) provided
by                                         31,353        (1,803)
        operating activities


Cash Flows from investing
activities:

   Capital contributions paid to
     Operating Partnerships                     -              -
   Advances in Operating                        -              -
Partnerships
   Investments                                  -              -

   Net cash (used in) provided by
     investing activities                       -              -














  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)




                                        2000           1999

Continued

Cash flows from financing
activity:

   Credit adjusters received from
     Operating Partnerships                     -              -

      Net cash (used in)provided
by                                              -              -
        financing activity


      INCREASE (DECREASE) IN CASH
AND                                        31,353        (1,803)
        CASH EQUIVALENTS

Cash and cash equivalents,                377,094        306,065
beginning

Cash and cash equivalents, ending     $   408,447    $   304,262





























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 19

                                        2000           1999
Cash Flows from operating
activities:

   Net Loss                             (439,674)     $(518,610)
   Adjustments
      Distributions from Operating
        Partnerships                           79         31,440
      Amortization                          3,642          3,813
      Share of Loss from Operating
        Partnerships                      334,667        425,436
   Changes in assets and
liabilities
     (Decrease) Increase in
accounts                                      (1)          5,989
        payable and accrued
expenses
     (Decrease) Increase in
accounts                                  (4,637)          1,795
        receivable/ other assets
      Decrease (Increase) in
accounts                                  102,837        102,838
        payable affiliates

      Net cash (used in) provided
by                                        (3,087)         52,701
        operating activities


Cash Flows from investing
activities:

   Capital contributions paid to
     Operating Partnerships                     -              -
   Advances in Operating                        -              -
Partnerships
   Investments                                  -       (80,000)

   Net cash (used in) provided by
     investing activities                       -       (80,000)














  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                    STATEMENTS OF CASH FLOWS

                   Three Months Ended June 30,
                           (Unaudited)


                            Series 19

                                        2000           1999

Continued

Cash flows from financing
activity:

   Credit adjusters received from
     Operating Partnerships                     -              -

      Net cash (used in)provided
by                                              -              -
        financing activity


      INCREASE (DECREASE) IN CASH
AND                                       (3,087)       (27,299)
        CASH EQUIVALENTS

Cash and cash equivalents,                357,052        518,210
beginning

Cash and cash equivalents, ending     $   353,965    $   490,911




























  The accompanying notes are an integral part of this statement
             Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)


NOTE A - ORGANIZATION

     Boston Capital Tax Credit Fund III L.P. (the "Fund") was
formed under the laws of the State of Delaware as of September
19, 1991 for the purpose of
acquiring, holding, and disposing of limited partnership
interests in
Operating Partnerships which will acquire, develop, rehabilitate,
operate and
own newly constructed, existing or rehabilitated low-income
apartment
complexes ("Operating Partnerships"). The general partner of the
Fund is
Boston Capital Associates III L.P., a Delaware limited
partnership.  Boston
Capital Associates, a Massachusetts general partnership, whose
only two
partners are Herbert F. Collins and John P. Manning, the
principals of Boston
Capital Partners, Inc., is the sole general partner of the
general partner.
The limited partner of the general partner is Capital Investment
Holdings, a
general partnership whose partners are certain officers and
employees of
Boston Capital Partners, Inc., and its affiliates.  The Assignor
Limited
Partner is BCTC III Assignor Corp., a Delaware corporation which
is
wholly-owned by Herbert F. Collins and John P. Manning.

     Pursuant to the Securities Act of 1933, the Fund filed a
Form S-11
Registration Statement with the Securities and Exchange
Commission, effective
January 24, 1992 which covered the offering (the "Public
Offering") of the
Fund's beneficial assignee certificates ("BACs") representing
assignments of
units of the beneficial interest of the limited partnership
interest of the
Assignor Limited Partner.  The Fund registered 20,000,000 BACs at
$10 per BAC
for sale to the public in one or more series.  On September 4,
1993 the Fund
filed an amendment to Form S-11 with the Securities and Exchange
Commission
which registered an additional 2,000,000 BACs at $10 per BAC for
sale to the
public in one or more series.  The registration for the
additional BACs became effective on October 6, 1993.  Offers and
sales of BACs in Series 15 through19 of the Fund were completed
and the last of the BACs in Series 15, 16, 17, 18 and 19 were
issued by the Fund on June 26, 1992, December 28, 1992, June 17,
1993, September 22, 1993, and December 17, 1993,
respectively.  The Fund sold 3,870,500 of Series 15 BACs, for a
total of $38,705,000; 5,429,402 of Series 16 BACs, for a total of
$54,293,000; 5,000,000 of Series 17 BACs, for a total of
$50,000,000; 3,616,200 of Series 18 BACs, for a total of
$36,162,000; and 4,080,000 of Series 19 BACs, for a total of
$4,080,000.  The Fund issued the last BACs in Series 19 on
December 17, 1993.  This concluded the Public Offering of the
Fund.





             Boston Capital Tax Credit Fund III L.P.

            NOTES TO FINANCIAL STATEMENTS - CONTINUED
                          June 30, 2000
                           (Unaudited)

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

     The condensed financial statements included herein as of
June 30, 2000 and for the three months then ended have been
prepared by the Fund, without audit.  The Fund accounts for its
investments in Operating Partnerships using the equity method,
whereby the Fund adjusts its investment cost for its share of
each Operating Partnership's results of operations and for any
distributions received or accrued.  Costs incurred by the Fund in
acquiring the investments in the Operating Partnerships are
capitalized to the
investment account.  The Fund's accounting and financial
reporting policies
are in conformity with generally accepted accounting principles
and include
adjustments in  interim periods considered necessary for a fair
presentation
of the results of operations.  Such adjustments are of a normal
recurring
nature.

Investment

The Fund has included in investments Certificates of Deposit with
original materities of one year or less.  These investments are
carried at costs.







             Bston Capital Tax Credit Fund III L.P.

            NOTES TO FINANCIAL STATEMENTS - CONTINUED
                          June 30, 2000
                           (Unaudited)

NOTE - B ACCOUNTING AND FINANCIAL REPORTING POLICIES - CONTINUED

     Amortized cost is the face value of the securities and any
unamortized premium or discount.  The balance sheet reflects the
fair market value under
investments.

Amortization

       On July 1, 1995, the Fund began amortizing unallocated
acquisition costs over 330 months from April 1, 1995. As of June
30, 2000 the Fund has accumulated unallocated acquisition
amortization totaling $367,213.  The breakdown of accumulated
unallocated acquisition amortization within the fund as of June
30, 2000 and 1999 is as follows:


                    2000           1999

Series 15             $55,286         $44,774
Series 16              88,471          71,620
Series 17              89,540          81,765
Series 18              60,050          48,636
Series 19              73,866          59,296
                     $367,213        $306,091


NOTE C - RELATED PARTY TRANSACTIONS

     The Fund has entered into several transactions with various
affiliates of the general partner, including Boston Capital
Partners, Inc., and Boston Capital Asset Management Limited
Partnership as follows:

     Boston Capital Partners, Inc. is entitled to asset
acquisition fees for
selecting, evaluating, structuring, negotiating, and closing the
Fund's
acquisition of interests in the Operating Partnerships.   Prior
to the quarter ended June 30, 2000 all series had completed
payment of all acquisition fees due to Boston Capital Partners,
Inc.





             Boston Capital Tax Credit Fund III L.P.

            NOTES TO FINANCIAL STATEMENTS - CONTINUED
                          June 30, 2000
                           (Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS - CONTINUED

     An annual fund management fee based on .5 percent of the
aggregate cost of all apartment complexes owned by the Operating
Partnerships, has been accrued to Boston Capital Asset Management
Limited Partnership.  The fund management fees accrued for the
quarter ended June 30, 2000 and 1999 are as follows:

                    2000            1999

Series 15            $137,013         $137,013
Series 16             172,995          172,995
Series 17             140,925          141,342
Series 18              95,487           95,487
Series 19             102,837          102,837
                     $649,257         $649,674

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

     At June 30, 2000 and 1999, the Fund had limited partnership
interests in 241 Operating Partnerships which own or are
constructing apartment complexes.  The breakdown of Operating
Partnerships within the Fund at June 30, 2000 and 1999 is as
follows:





Series 15                         68
Series 16                         64
Series 17                         49
Series 18                         34
Series 19                         26
                                 241





             Boston Capital Tax Credit Fund III L.P.

            NOTES TO FINANCIAL STATEMENTS - CONTINUED
                          June 30, 2000
                           (Unaudited)


NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - CONTINUED

     Under the terms of the Fund's investment in each Operating
Partnership, the Fund is required to make capital contributions
to the Operating Partnerships.  These contributions are payable
in installments over several years upon each Operating
Partnership achieving specified levels of construction and/or
operations.  The contributions payable at June 30, 2000 and 1999
are as follows:

                    2000            1999

Series 15          $   32,922       $   32,922
Series 16             140,006          142,506
Series 17           1,206,768        1,367,195
Series 18              18,554           18,554
Series 19              34,000           34,000
                   $1,432,250       $1,595,177


The Fund's fiscal year ends March 31st of each year, while all
the Operating Partnerships' fiscal years are the calendar
year.  Pursuant to the provisions of each Operating Partnership
Agreement, financial results for each of the Operating
Partnerships are provided to the Fund within 45 days after the
close of each Operating Partnership's quarterly
period.  Accordingly, the current financial results available for
the Operating Partnerships are for the three months ended March
31, 2000.





             Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)

   NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

          COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
                  Three months ended March 31,
                           (Unaudited)

                            Series 15

                                      2000                1999

Revenues
   Rental                             $  2,486,174       $  2,427,558
   Interest and other                       82,688             83,133

                                         2,568,862          2,510,691

Expenses
   Interest                                687,628            694,218
   Depreciation and                        902,907            954,000
amortization
   Operating expenses                    1,653,173          1,546,183
                                         3,243,708          3,194,401

NET LOSS                              $  (674,846)       $  (683,710)

Net loss allocation to
Boston
   Capital Tax Credit Fund            $  (455,506)       $  (512,749)
   III L.P.


Net loss allocated to other
   Partners                           $    (6,748)       $    (6,837)

Net loss suspended                    $  (212,592)       $  (164,124)




The variance in allowable loss from the Operating Partnerships
for the three
months ended March 31, 2000 and 1999 is mainly a result of the
way the Partnership accounts for its investment in Operating
Partnerships.  The Partnership accounts for its investments using
the equity method of accounting.  Under the equity method of
accounting, the Partnership adjusts its investment cost for its
share of each Operating Partnership's results of operations and
for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the
extent of capital contributions.  Excess losses are suspended for
use in future years to offset excess income.


             Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)

   NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

          COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
                  Three months ended March 31,
                           (Unaudited)

                            Series 16

                                      2000                1999

Revenues
   Rental                             $  3,367,472       $  3,085,327
   Interest and other                      139,573            142,545

                                         3,507,045          3,227,872

Expenses
   Interest                                996,864            927,227
   Depreciation and                      1,239,477          1,209,040
amortization
   Operating expenses                    2,204,378          2,027,128
                                         4,440,719          4,163,395

NET LOSS                              $  (933,674)       $  (935,523)

Net loss allocation to
Boston
   Capital Tax Credit Fund            $  (819,165)       $  (829,749)
   III L.P.


Net loss allocated to other
   Partners                           $    (9,337)       $    (9,355)

Net loss suspended                    $  (105,172)       $   (96,419)




The variance in allowable loss from the Operating Partnerships
for the three
months ended March 31, 2000 and 1999 is mainly a result of the
way the Partnership accounts for its investment in Operating
Partnerships.  The Partnership accounts for its investments using
the equity method of accounting.  Under the equity method of
accounting, the Partnership adjusts its investment cost for its
share of each Operating Partnership's results of operations and
for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the
extent of capital contributions.  Excess losses are suspended for
use in future years to offset excess income.
             Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

          COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
                  Three months ended March 31,
                           (Unaudited)

                            Series 17

                                      2000                1999

Revenues
   Rental                             $  2,934,851       $  2,737,626
   Interest and other                      106,438             87,828

                                         3,041,289          2,825,454

Expenses
   Interest                                905,724            915,328
   Depreciation and                        930,184            911,848
amortization
   Operating expenses                    1,746,883          1,610,060
                                         3,582,791          3,437,236

NET LOSS                              $  (541,502)       $  (611,782)

Net loss allocation to
Boston
   Capital Tax Credit Fund            $  (473,016)       $  (605,664)
   III L.P.


Net loss allocated to other
   Partners                           $   (68,486)       $    (6,118)





             Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)

   NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

          COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
                  Three months ended March 31,
                           (Unaudited)

                            Series 18

                                      2000                1999

Revenues
   Rental                             $  1,649,338       $  1,610,813
   Interest and other                       86,082             86,695

                                         1,735,420          1,697,508

Expenses
   Interest                                470,360            457,470
   Depreciation and                        630,183            623,236
amortization
   Operating expenses                    1,062,904            974,916
                                         2,163,447          2,055,622

NET LOSS                              $  (428,027)       $  (358,114)

Net loss allocation to
Boston
   Capital Tax Credit Fund            $  (407,350)       $  (340,799)
   III L.P.


Net loss allocated to other
   Partners                           $    (4,280)       $    (3,581)

Net loss suspended                    $   (16,397)       $   (13,734)




The variance in allowable loss from the Operating Partnerships
for the three
months ended March 31, 2000 and 1999 is mainly a result of the
way the Partnership accounts for its investment in Operating
Partnerships.  The Partnership accounts for its investments using
the equity method of accounting.  Under the equity method of
accounting, the Partnership adjusts its investment cost for its
share of each Operating Partnership's results of operations and
for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the
extent of capital contributions.  Excess losses are suspended for
use in future years to offset excess income.
             Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)

   NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

          COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
                  Three months ended March 31,
                           (Unaudited)

                            Series 19

                                      2000                1999

Revenues
   Rental                             $  2,375,194       $  2,261,354
   Interest and other                       65,676             77,908

                                         2,440,870          2,339,262

Expenses
   Interest                                803,038            843,587
   Depreciation and                        742,598            703,864
amortization
   Operating expenses                    1,240,333          1,221,544
                                         2,785,969          2,768,995

NET LOSS                              $  (345,099)       $  (429,733)

Net loss allocation to
Boston
   Capital Tax Credit Fund            $  (334,667)       $  (425,436)
   III L.P.


Net loss allocated to other
   Partners                           $    (3,451)       $    (4,297)

Net loss suspended                               $                  $
                                           (6,981)                  -




The variance in allowable loss from the Operating Partnerships
for the three
months ended March 31, 2000 and 1999 is mainly a result of the
way the Partnership accounts for its investment in Operating
Partnerships.  The Partnership accounts for its investments using
the equity method of accounting.  Under the equity method of
accounting, the Partnership adjusts its investment cost for its
share of each Operating Partnership's results of operations and
for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the
extent of capital contributions.  Excess losses are suspended for
use in future years to offset excess income.
Boston Capital Tax Credit Fund III L.P.

                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 2000
                           (Unaudited)




NOTE E - TAXABLE LOSS

      The Fund's taxable loss for the year ended March 31, 2001
is expected to differ from its loss for financial reporting
purposes.  This is primarily due to accounting differences in
depreciation incurred by the Operating Partnerships and also
differences between the equity method of accounting and the IRS
accounting methods.  No provision or benefit for income taxes has
been included in these financial statements since taxable income
or loss passes through to, and is reportable by, the partners and
assignees individually.
Item 2.  Management's Discussions and Analysis of Financial
Condition and
Results of Operations

Liquidity

     The Fund's primary source of funds is the proceeds of its
Public Offering.  Other sources of liquidity will include (i)
interest earned on capital contributions held pending investment
and on Working Capital Reserves and (ii) cash distributions from
operations of the operating Partnerships in which the Fund has
and will invest.  Interest income is expected to decrease over
the life of the Fund as capital contributions are paid to the
Operating Partnerships and Working Capital Reserves are
expended.    The Fund does not anticipate significant cash
distributions from operations of the Operating Partnerships.

      The Fund is currently accruing the fund management
fee.  Fund management fees accrued during the quarter ended June
30, 2000 were $649,257 and total fund management fees accrued as
of June 30, 2000 were $12,850,253.  Pursuant to the Partnership
Agreement, such liabilities will be deferred until the Fund
receives sales of refinancing proceeds from Operating
Partnerships which will be used to satisfy such liabilities.  The
Fund's working capital and sources of liquidity coupled with
affiliated party liability accruals allow sufficient levels of
liquidity to meet the third party obligations of the Fund.   The
Fund is currently unaware of any trends which would create
insufficient liquidity to meet future third party obligations of
the Fund.

      The Fund has recorded $928,656 as payable to affiliates.
This represents fundings to make advances and/or loans to certain
Operating Partnerships in Series 17 of the Fund.

Capital Resources

     The Fund offered BACs in a Public Offering declared
effective by the Securities and Exchange Commission on January
24, 1992.  The Fund received $38,705,000, $54,293,000,
$50,000,000, $36,162,000 and $40,800,000 representing 3,870,500,
5,429,402, 5,000,000, 3,616,200 and 4,080,000 BACs from investors
admitted as BAC Holders in Series 15, Series 16, Series 17,
Series 18, and Series 19, respectively.  The Public Offering was
completed on December 17, 1993.

(Series 15)  The Fund commenced offering BACs in Series 15 on
January 24, 1992.  Offers and sales of BACs in Series 15 were
completed on June 26, 1992.  The Fund has committed proceeds to
pay initial and additional installments of capital contributions
to 68 Operating Partnerships in the amount of $28,257,701.

     During the quarter ended June 30, 2000, none of Series 15
net offering proceeds had been used to pay capital contributions.
Series 15 net offering proceeds in the amount of $32,922 remain
to be used by the Fund to pay remaining capital contributions to
the Operating Partnerships that  Series 15 has invested in as of
June 30, 2000.

(Series 16)  The Fund commenced offering BACs in Series 16 on
July 13, 1992. Offers and sales of BACs in Series 16 were
completed on December 28, 1992. The Fund has committed proceeds
to pay initial and additional installments of capital
contributions to 64 Operating Partnerships in the amount of
$39,579,774.
     During the quarter ended June 30, 2000, none of Series 16
net offering proceeds had been used to pay capital
contributions.  Series 16 net offering proceeds in the amount of
$140,006 remain to be used by the Fund to pay remaining capital
contributions to the Operating Partnerships that Series 16 has
invested in as of June 30, 2000.

(Series 17)  The Fund commenced offering BACs in Series 17 on
January 24, 1993.  Offers and sales of BACs in Series 17 were
completed on June 17, 1993. The Fund has committed proceeds to
pay initial and additional installments of capital contributions
to 49 Operating Partnerships in the amount of $36,538,204.

     During the quarter ended June 30, 2000, none of Series 17
net offering proceeds had been used to pay capital
contributions.  Series 17 net offering proceeds in the amount of
$436,868 remain to be used by the Fund to pay remaining capital
contributions to the Operating Partnerships that Series 17 has
invested in as of June 30, 2000.

(Series 18)  The Fund commenced offering BACs in Series 18 on
June 17, 1993. Offers and sales of BACs in Series 18 were
completed on September 22, 1993. The Fund has committed proceeds
to pay initial and additional installments of capital
contributions to 34 operating Partnerships in the amount of
$26,442,202.

     During the quarter ended June 30, 2000, none of Series 18
net offering proceeds had been used to pay capital
contributions.  Series 18 net offering proceeds in the amount of
$18,554 remain to be used by the Fund to pay remaining capital
contributions to the Operating Partnerships that Series 18 has
invested in as of June 30, 2000.

(Series 19).  The Fund commenced offering BACs in Series 19 on
October 8, 1993.  Offers and sales of BACs in Series 19 were
completed on December 17, 1993.  The Fund has committed proceeds
to pay initial and additional installments of capital
contributions to 26 Operating Partnerships in the amount of
$29,614,506.

     During the quarter ended June 30, 2000, none of Series 19
net offering proceeds had been used to pay capital
contributions.  Series 19 net offering proceeds in the amount of
$34,000 remain to be used by the Fund to pay remaining capital
contributions to the Operating Partnerships that Series 19 has
invested in as of June 30, 2000.


Results of Operations

     As of June 30, 2000 and 1999 the Fund held limited
partnership interests in 241 Operating Partnerships.  In each
instance the Apartment Complex owned by the applicable Operating
Partnership is eligible for the Federal Housing Tax
Credit.  Occupancy of a unit in each Apartment Complex which
initially complied with the Minimum Set-Aside Test (i.e.,
occupancy by tenants with incomes equal to no more than a certain
percentage of area median income) and the Rent Restriction Test
(i.e., gross rent charged tenants does not exceed 30% of the
applicable income standards) is referred to hereinafter as
"Qualified Occupancy."  Each of the Operating Partnerships and
each of the respective Apartment Complexes are described more
fully in the Prospectus or applicable report on Form 8-K.  The
General Partner believes that there is adequate casualty
insurance on the properties.

     The results of operations for future periods are likely to
vary from those for the period ended June 30, 2000.  The losses
from Operating Partnerships reported for this interim period are
not necessarily indicative of the results anticipated for future
periods as some of these Operating Partnerships are in the
lease-up phase.

      The Fund incurred a fund management fee to Boston Capital
Asset Management Limited Partnerships (formerly Boston Capital
Communications Limited Partnership) in an amount equal to .5
percent of the aggregate cost of the apartment complexes owned by
the Operating Partnerships, less the amount of certain asset
management and reporting fees paid by the Operating
Partnerships.  The fund management fees incurred for the quarter
ended December 31, 1998 for Series 15, Series 16, Series 17,
Series 18 and Series 19 were $118,637, $154,922, $138,451,
$86,189, and $79,829 respectively.

     The Fund's investment objectives do not include receipt of
significant cash distributions from the Operating Partnerships in
which it has invested or intends to invest.  The Fund's
investments in Operating Partnerships have been made principally
with a view towards realization of Federal Housing Tax Credits
for allocation to its partners and BAC holders.

(Series 15)  As of June 30, 2000 and 1999, the average qualified
occupancy for the series was 100% for both years.  The series had
a total of 68 properties at June 30,  2000, all of which were at
100% qualified occupancy.

     For the three months being reported Series 15 reflects a net
loss from Operating Partnerships of $674,846.  When adjusted for
depreciation, which is a non-cash item, the Operating
Partnerships reflect positive operations of $228,061.  This is an
interim period estimate; it is not necessarily indicative of the
final year end results.

     Operations continue to improve at Hidden Cove Apartments
(Hidden Cove) as evidenced by stabilized occupancy and increased
rental collections. To date, the property has been able to
complete minor capital improvements and fund its replacement
reserve account without financial assistance.  It is anticipated
that the property will be able to operate at breakeven, barring
any significant unforeseen repairs. At this time, the Operating
General Partner has commenced negotiations with the property's
management company aimed at transferring the Operating General
Partnership interest to that entity.  It is anticipated that the
addition of a local Operating General Partner will enhance the
property's ability to refinance its permanent mortgage.

     As part of the January 1999 debt restructure of School
Street I LP, (School Street Apt. Phase I) the lender instituted a
capital improvements project to be completed by December 1999.
At year end most of the required improvements were completed.
The lender has agreed to extend the deadline for the remaining
items.  In an effort to further improve operations at the
property the Operating General Partner hired a new management
company in September 1999.  The new management company has been
pursuing evictions of delinquent tenants, and as a result the
average occupancy of the property declined to 50% in the fourth
quarter of 1999.  Occupancy has improved since the evictions and
was at 62% as of June 2000.  The Operating General Partner is
continuing to actively participate with the new management
company in the partnership's operations in order to achieve
stable high occupancy and positive cash flow at the property.

(Series 16)  As of June 30, 2000 and 1999, the average qualified
occupancy for the series was 99.7% for both years. The series had
a total of 64 properties at June 30, 2000.  Out of the total, 62
had 100% qualified occupancy.
     For the three months being reported Series 16 reflects a net
loss from Operating Partnerships of $933,674.  When adjusted for
depreciation, which is a non-cash item, the Operating
Partnerships reflect positive operations of $305,803.  This is an
interim period estimate; it is not necessarily indicative of the
final year end results.

     Cass Partners, L.P. (Fitzgerald Apartments) continues to
operate below breakeven due to low occupancy.  An increasing
supply of affordable housing in the area with superior amenities
has hampered marketing efforts and made tenant retention
difficult. Average physical occupancy for the first half of 2000
was 80.8%, down from an average of 85.4% in 1999.  The Business
Plan for the year 2000 outlines the following programs to
increase occupancy: replace the building signage, improve the
physical appearance of the property's common areas, and negotiate
parking agreements with an other landlords to alleviate the issue
of limited parking.  The Operating General Partner continues to
support the property financially and is working to refinance the
partnership's second mortgage, which matures in August 2000.

(Series 17)  As of June 30, 2000 and 1999, the average qualified
occupancy for the series was 99.7% for both years.  The series
had a total of 49 properties at June 30, 2000.  Out of the total
48 had 100% qualified occupancy.

     For the three months being reported Series 17 reflects a net
loss from Operating Partnerships of $541,502.  When adjusted for
depreciation, which, is a non-cash item, the Operating
Partnerships reflect positive operations of $388,682. This is an
interim period estimate; it is not necessarily indicative of the
final year end results.

     Annadale Housing Partners (Kingsview Manor & Estates)
reported net losses due to operational issues associated with the
property.  In order to address these issues, the Operating
General Partner hired a consultant to assist management in
aggressively marketing the property.  In addition, the management
agent hired a new on-site manager and leasing agent.  As a result
of these changes, occupancy reached 92% as of December 31, 1999,
93.7% as of March 31, 2000 and 92.3% as of June 30, 2000.  In
order to reduce operating costs, a loan restructure was finalized
with the first mortgage lender.  In exchange for payment by the
Operating General Partner of $620,457, the monthly mortgage
payments were reduced by 79%, thereby alleviating the property of
a large monthly cash obligation.  The payment to the first
mortgage holder was funded through the sale of a portion of the
Operating Partnerships future credit stream.  With the additional
cash available from a lower monthly debt service payment and
increased rental rates, property operations are anticipated to
improve significantly over prior years.  As of June 30, 2000, the
property has been successful in maintaining break-even
operations.  The Investment General Partner continues to monitor
this situation closely.

     The property owned by California Investors VI LP (Orchard
Park)  has sustained a physical occupancy of 94.6% for the first
six months of 2000.  This stability has been the result of the
management company's aggressive marketing efforts and the many
capital improvements completed at the property, including office
renovations and the addition of an activity center.  These
improvements have been successful in attracting and retaining
tenants.  The property's surrounding area is experiencing
economic growth which include a major public sports park,
currently being developed next to Orchard Park and scheduled to
be completed in the fall of 2000.  In addition to the park, a
high school is in the process of construction.  It is however,
progressing slowly and its completion date is unknown as of this
time.  These types of public development in the area should
increase the quantity of automobile traffic around Orchard Park
and in turn should continue to assist with marketing efforts.
Currently, the Investment Limited Partner is negotiating with a
third party to assume the management of the partnership along
with the general partner interest.

     Physical occupancy at Palmetto Properties Ltd. (Palmetto
Villas) has remained at an average of 78% through the second
quarter of 2000.  Occupancy at the site begun to drop early in
1999 due to poor on-site management and significant deferred
maintenance issues.  As a result, the property management company
was replaced in January 2000.  However, due to a lack of
replacement reserve funds to rehabilitate vacant units, occupancy
remains low.  In addition, the property is in arrears on its real
estate tax payments for 1998 and 1999.  At this time, the
Investment General Partner is working with the new management
company to obtain low interest deferred maintenance loans to
complete necessary repairs, improve occupancy and cure the tax
delinquency.  The Investment General Partner has entered into
negotiations with the current Operating General Partner aimed at
removing him from the partnership.  The new management company
has expressed interest in assuming the role of Operating General
Partner, and based on the management company's performance to
date, the partnership would benefit substantially from this
arrangement.

(Series 18)  As of June 30, 2000 and 1999 the average qualified
occupancy for the series was 100% for both years.  The series had
a total of 34 properties at June 30, 2000, out of the total all
had 100% qualified occupancy.

     For the three months being reported Series 18 reflects a net
loss from Operating Partnerships of $428,027.  When adjusted for
depreciation, which is a non-cash item, the Operating
Partnerships reflect positive operations of $202,156.  This is an
interim period estimate; it is not necessarily indicative of the
final year end results.

     Harris Housing Limited Partnership (Harris Music Lofts)
operated with a net loss during 1999 primarily as a result of
high operating expenses.  The Operating General Partner infused
cash to fund operating deficits for the year.  Operating costs on
this property are high particularly in administration and
maintenance.  In addition to high expenses, the property suffers
from under-funded tax and insurance and security deposit escrows.
Despite the occupancy, which averaged at 97.8% during 1999, the
property was unable to fund these accounts.  Average occupancy
for the first six months of 2000 was 97.4%, a slight decrease
over the 1999 average.  Unless expenses are significantly
reduced, the property will continue to operate at a deficit and
will be unable to fund the shortfall in the required accounts.
It is the intention of the Operating General Partner to
streamline expenses by sharing personnel and bulk ordering of
supplies with another property that is only one mile away.
However, at this time, the referenced property has not completed
construction.  It is the Operating General Partner's belief these
efforts to streamline expenses should occur within the next 90
days.  In addition, there was a rent increase effective May 1,
2000 which should generate some additional revenue for the
property.

     Marengo Park Apartments, Limited Partnership is operating
below breakeven due to low occupancy levels.  Occupancy averaged
76.7% in 1999.  Through the second quarter of 2000 occupancy has
averaged 79.9%.  Management has attributed the occupancy problem
to the local economy.  In Marengo, potential tenants do not
consider 30% of their income a good rent.  Single-family homes in
the area may be rented for the same amount.  As a result of weak
occupancy, the property suffers from underfunded reserves, and a
delinquent tax status.  1999 property taxes in the amount of
$21,939 went unpaid, and were recently vouchered and paid by
Rural Development.  As a result of their vouchering the taxes,
Rural Development has issued a notice of acceleration on the
debt.  The Investment General Partner has appealed this ruling,
and is currently in discussion with Rural Development to
facilitate a mutually acceptable workout plan in order to avoid a
foreclosure.

     Parvin's Limited Partnership (Parvin's Branch Townhomes)
continues to incur operating deficits due to higher than average
operating expenses and occupancy issues with its six transitional
units.  The Operating General Partner and the Management Company
have been deferring their respective fees to improve the
property's cash flow.  In addition, the Operating General Partner
continues to fund deficits.  The property's 18 non-transitional
housing units operate with a strong occupancy, however, the six
transitional units incur significant turnover, which results in
increased operating expense.  The Operating General Partner has
taken a more active role in the leasing and day to day management
of the six transitional units.  It was previously reported that
the Operating General Partner was successful in removing the six
transitional units from the program and that as of January 1,
2000, all six units would be available to non-transitional
qualified residence.  However, the Investment Limited Partner was
recently informed that two units will remain in the Transitional
Housing program.  The property operated with an average occupancy
of 91.7% in the second quarter of 2000, up from 86.1% in the
first quarter.  The management company continues to monitor
operating expenses and reports that expenses remain stable and
within acceptable levels.

(Series 19)  As of June 30, 2000 and 1999 the average qualified
occupancy for the series was 100% for both years.  The series had
a total of 26 properties at June 30, 2000, all of which were at
100% qualified occupancy.

     For the three months being reported Series 19 reflects a net
loss from Operating Partnerships of $345,099.  When adjusted for
depreciation, which is a non-cash item, the Operating
Partnerships reflect positive operations of $397,499. This is an
interim period estimate; it is not necessarily indicative of the
final year end results.
Year 2000 Compliance

     As previously stated in the Partnership's 10-K, Boston
Capital and its management have reviewed the potential computer
problems that may arise from the century date change known as the
"Year 2000" or "Y2K" problem.  We are happy to announce that we
did not experience any computer-related problems as a result of
this date change and therefore, there was no impact on our
investors.






                   PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

         None

Item 2.  Changes in Securities

         None

Item 3.  Defaults upon Senior Securities

         None

Item 4.  Submission of Matters to a Vote of Security Holders

         None

Item 5.  Other Information

         None

Item 6.  Exhibits and Reports on Form 8-K

         (a)  Exhibits

         None

         (b)  Reports on Form 8-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.

                                BOSTON CAPITAL TAX CREDIT
                                FUND III L.P.



                                By:  Boston Capital Associates
III L.P.




                                By:  C&M Associates d/b/a
                                     Boston Capital
Associates



Date:  June 15, 2000              By: /s/ John P. Manning
                                     -------------------
                                     John P. Manning,
                                     Partner & Principal
Financial
                                     Officer