Exhibit 99a

[GRAPHIC OMITTED]

10172 Linn Station Road
Louisville, KY 40223
(502) 426-4800

March 29, 2002

United States
Securities and Exchange Commission
Washington, D.C. 20549

Dear Sirs:

     We have received representation from Arthur Andersen LLP that their audit of the NTS Properties III financial statements for the year ended December 31, 2001, was subject to the quality control system for the U.S. accounting and auditing practice to provide reasonable assurance that the engagement was conducted in compliance with professional standards, that there was appropriate continuity of Arthur Andersen personnel working on the audit and availability of national office consultation. Availability of personnel at foreign affiliates of Arthur Andersen is not relevant to this audit.

NTS-PROPERTIES III
By:	NTS-Properties Associates,
	General Partner
	By:    NTS Capital Corporation,
	General Partner

/s/ Gregory A. Wells

Gregory A. Wells

Senior Vice President and

Chief Financial Officer of

NTS Capital Corporation