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>