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                             UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                              FORM 12B-25

                      NOTIFICATION OF LATE FILING

                    Commission FILE NUMBER:  33-75758

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

For the Period Ended: December 31,1999
                      --------------------
     [ ] Transition Report on Form 10-K
     [ ] Transition Report on Form 20-F
     [ ] Transition Report on Form 11-K
     [ ] Transition Report on Form 10-Q
     [ ] Transition Report on Form N-SAR
     For the Transition Period Ended:  n/a
                                     -------------------------------

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
n/a
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PART I - REGISTRANT INFORMATION:

Renaissance Capital Growth & Income Fund III, Inc.
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Full Name of Registrant
n/a
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Former Name if Applicable
8080 North Central Expressway Suite 210 LB 59
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Address of Principal Executive Officer (Street and Number)
Dallas, Texas 75206
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City, State and Zip Code


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

If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12B-25(B), the
following should be completed.  (Check box if appropriate)
 XX
- -----  (a)  The reasons described in reasonable detail in Part III of this
            form could not be eliminated without unreasonable effort of
 XX         expense;
- -----  (b)  The subject annual report, semi-annual report, transition
            report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
            thereof, will be filed on or before the fifteenth calendar day
            following the prescribed due date; or the subject quarterly
            report of transition report on Form 10-Q, or portion thereof
            will be filed on or before the fifth calendar day following the
            prescribed due date; and

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


PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.

The Registrant is having trouble completing its electronic filing due to
technical difficulties.

PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification:
Ann E. West                                              214-891-8294
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             (Name)                                      (Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15(d) of
     the Securities Exchange Act of 1934 or Section 30 of the Investment
     Company Act of 1940 during the preceding 12 months (or for such
     shorter) period that the registrant was required to file such reports)
     been filed?  If answer is no, identify report(s).
                                                          _XX__Yes  ____No
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(3)  Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statement to be included in the subject report or portion
thereof.

                                                         ----Yes  -XX-No


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If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.


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            Renaissance Capital Growth & Income Fund III, Inc.
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              (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

March 31, 2000                  /S/
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Date                      Russell Cleveland
                          President, Renaissance Capital Growth & Income Fund
                          III, Inc.