Epic Associates 84-III, William C. Griffith, Jr. - Page 138




                                       - 65 -                                         
             the statements contain the following note or words of                    
             similar import:                                                          

                  Interest Expense--GP:                                               
                  Cash advances by the General Partner necessary                      
                  to sustain operations of the partnership                            
                  continued to be greater than budget resulting                       
                  in additional interest expense.                                     

             The quarterly statements also record that EA 84-III                      
             received interest income--general partner of $6,097.26                   
             during 1983.                                                             
                  The record contains audited financial statements of                 
             EA 84-III for the period beginning September 14 (inception)              
             to December 31, 1983, that were prepared by a firm of                    
             certified public accountants.  Included therein  is the                  
             following statement of operations and changes in partners'               
             capital:                                                                 





















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