-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001419688-09-000002.txt : 20090706
<SEC-HEADER>0001419688-09-000002.hdr.sgml : 20090703
<ACCEPTANCE-DATETIME>20090706114053
ACCESSION NUMBER:		0001419688-09-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090706
DATE AS OF CHANGE:		20090706
EFFECTIVENESS DATE:		20090706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEI 2007 VENTURE INVESTMENTS III LLC
		CENTRAL INDEX KEY:			0001419688
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-111554
		FILM NUMBER:		09929918

	BUSINESS ADDRESS:	
		STREET 1:		311 South Wacker Dr
		CITY:			Chicago
		STATE:			il
		ZIP:			60606
		BUSINESS PHONE:		312-377-5300

	MAIL ADDRESS:	
		STREET 1:		311 South Wacker Dr
		CITY:			Chicago
		STATE:			il
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001419688</cik>
        <entityName>AEI 2007 VENTURE INVESTMENTS III LLC</entityName>
        <issuerAddress>
            <street1>311 South Wacker Dr</street1>
            <street2>Suite 6150</street2>
            <city>Chicago</city>
            <stateOrCountry>IL</stateOrCountry>
            <zipCode>60606</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>804-378-1110</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName></middleName>
                <lastName>AEI VIMCO, Inc</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>311 S Wacker Dr</street1>
                <street2>Suite 6150</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Venture Capital Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-07-049804</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-10-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>106000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Kevin Barrett</recipientName>
                <recipientCRDNumber>5241590</recipientCRDNumber>
                <associatedBDName>Advanced Equities Inc.</associatedBDName>
                <associatedBDCRDNumber>35545</associatedBDCRDNumber>
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                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
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            </recipient>
            <recipient>
                <recipientName>Eric Rubenstein</recipientName>
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                <statesOfSolicitationList>
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            <recipient>
                <recipientName>Scott Cardone</recipientName>
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            <recipient>
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                <recipientName>Barry Mohr</recipientName>
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                <statesOfSolicitationList>
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            </recipient>
            <recipient>
                <recipientName>James Piff</recipientName>
                <recipientCRDNumber>1991874</recipientCRDNumber>
                <associatedBDName>Advanced Equities Inc.</associatedBDName>
                <associatedBDCRDNumber>35545</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>311 S Wacker Dr</street1>
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                <statesOfSolicitationList>
                    <state>IL</state>
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            <recipient>
                <recipientName>Hayward Roy</recipientName>
                <recipientCRDNumber>2842866</recipientCRDNumber>
                <associatedBDName>Advanced Equities Inc.</associatedBDName>
                <associatedBDCRDNumber>35545</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>311 S Wacker Dr</street1>
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                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>FL</state>
                    <state>MI</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Stephen Allen</recipientName>
                <recipientCRDNumber>4535419</recipientCRDNumber>
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                <associatedBDCRDNumber>32444</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>655 W Broadway</street1>
                    <street2></street2>
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                <statesOfSolicitationList>
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            <recipient>
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                <recipientAddress>
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                    <city>San Diego</city>
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                    <zipCode>92101</zipCode>
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                <statesOfSolicitationList>
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            </recipient>
            <recipient>
                <recipientName>Gary Cousino</recipientName>
                <recipientCRDNumber>726486</recipientCRDNumber>
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                <recipientName>Cindy Couyoumjian</recipientName>
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                    <street1>655 W Broadway</street1>
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                <recipientName>Christine Tang</recipientName>
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            <recipient>
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                    <street1>655 W Broadway</street1>
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            </recipient>
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                    <street1>655 W Broadway</street1>
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            </recipient>
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                <recipientName>Graham Guess</recipientName>
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                    <state>CA</state>
                    <state>OR</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Chang Soo Han</recipientName>
                <recipientCRDNumber>1048237</recipientCRDNumber>
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                <associatedBDCRDNumber>32444</associatedBDCRDNumber>
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                    <street1>655 W Broadway</street1>
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                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
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                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NJ</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Peter Han</recipientName>
                <recipientCRDNumber>4704497</recipientCRDNumber>
                <associatedBDName>First Allied Securities Inc.</associatedBDName>
                <associatedBDCRDNumber>32444</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>655 W Broadway</street1>
                    <street2></street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92101</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Kevin Hermening</recipientName>
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</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----