WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Krupp
Institutional Mortgage Fund L.P. Financial Statements for the six months
ended June 30, 1997 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                             12-31-97
<PERIOD-END>                                  06-30-97
<CASH>                                       1,100,166
<SECURITIES>                                         0
<RECEIVABLES>                               23,482,010
<ALLOWANCES>                              (16,524,000)
<INVENTORY>                                          0
<CURRENT-ASSETS>                               132,980<F1>
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               8,191,156
<CURRENT-LIABILITIES>                           17,504
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     8,173,652<F2>
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 8,191,156
<SALES>                                              0
<TOTAL-REVENUES>                               335,006
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                51,926
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   283,080
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<FN>
<F1>Other Assets
<F2>Includes Limited Partners Equity of $8,391,520, general partners deficit
of ($217,868).
</FN>