Relationships	Role	Relationship Start	Relationship End
Ms Guaranteed Tax Credit Fund Iii, Llc	Parent	7/1/2004	12/30/2015
Amtax Holdings 303, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 385, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 304, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 220, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 414, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 173, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 431, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 417, Llc	Subsidary	7/1/2004	12/30/2015
Amtax Holdings 201, Llc	Subsidary	7/1/2004	7/26/2012
Amtax Holdings 208, Llc	Subsidary	7/1/2004	8/21/2009