Felo McAllister III, 59 of Pensacola died Monday, November 25, 1996 in a local hospital following a short illness.  Mr. McAllister III, was born on October 20, 1937 in Pensacola to Dorothy McLeod McAllister and the late Felo McAllister, Jr., and was a life long resident.  He was a graduate of Suwannee Military Academy, the Marion Institute and attended Mississippi Southern University.  Mr. McAllister was affiliated with the original Toyota of Pensacola while owned and operated by his family.  He was a lifetime member of the Navy League and was with the Army Corp of Engineers.  He was of the Presbyterian Faith.  A special thanks to the Nursing Staff- St Vincents floor of Sacred Heart Hospital.  Survivors include his loving mother, Dorothy M. McAllister; brother and sister-in-law, Fred and Laurie Nye; niece and nephew, several cousins and a host of special friends.  Funeral services at 1 p.m., Wednesday at Faith Chapel Funeral Home.  Burial will be in St. John's Cemetery.  Faith Chapel Funeral Home is in charge of arrangements.