<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Institutional Mortgage Fund L.P. Financial Statements for the year ended December 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,112,524 <SECURITIES> 0 <RECEIVABLES> 23,613,026 <ALLOWANCES> 16,524,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 17,922<F1> <DEPRECIATION> 0 <TOTAL-ASSETS> 8,219,472 <CURRENT-LIABILITIES> 25,274 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,194,198<F2> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 8,219,472 <SALES> 0 <TOTAL-REVENUES> 576,376 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 93,433 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 482,943 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Other assets <F2>Includes Limited Partner equity of $8,411,861 and general Partner deficit of (217,663) </FN>