ADVANCES TO LOCAL LIMITED PARTNERSHIPS	9 Months Ended
Dec. 31, 2011
Notes to Financial Statements
ADVANCES TO LOCAL LIMITED PARTNERSHIPS	NOTE 4 – ADVANCES TO LOCAL LIMITED PARTNERSHIPS During the nine months ended December 31, 2011 and 2010, the Partnership voluntarily advanced $0 and $10,299, respectively, to one Local Limited Partnership, Whitted Forest as a result of the Local Limited Partnership experiencing operational issues. As of March 31, 2011, total advances made to this Local Limited Partnership were $248,850, all of which has been reserved. During the nine months ended December 31, 2011, Whitted Forest was disposed of.

ADVANCES TO LOCAL LIMITED PARTNERSHIPS

9 Months Ended

Dec. 31, 2011

NOTE 4 – ADVANCES TO LOCAL LIMITED PARTNERSHIPS

During the nine months ended December 31, 2011 and 2010, the Partnership voluntarily advanced $0 and $10,299, respectively, to one Local Limited Partnership, Whitted Forest as a result of the Local Limited Partnership experiencing operational issues. As of March 31, 2011, total advances made to this Local Limited Partnership were $248,850, all of which has been reserved. During the nine months ended December 31, 2011, Whitted Forest was disposed of.

WNC HOUSING TAX CREDIT FUND III L P 10-Q