Thomas Train Set Compilation Video Volume 3 is a New Zealand VHS featuring one first series episode and three second series episodes narrated by Ringo Starr and one third series episode narrated by George Carlin. It was released by Roadshow Entertainment in association with The Warehouse and Tomy for a promotional offer.
- The cover art is almost identical to that of the previous volume, the only difference being the new logo is used.
- Unlike the previous two volumes, the tape opens with the second half of the nameboard sequence leading into James and the Coaches.
- The front cover and spine feature an image from Toby's Discovery, but that episode is not on this release.