<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the balance sheet and statement of Income and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000805297 <NAME> KRUPP INSURED PLUS II LTD PARTNERSHIP <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 7,884,697 <SECURITIES> 191,898,928<F1> <RECEIVABLES> 1,569,428 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,588,533<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 205,941,586 <CURRENT-LIABILITIES> 4,239 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 205,763,171<F3> <OTHER-SE> 174,176<F4> <TOTAL-LIABILITY-AND-EQUITY> 205,941,586 <SALES> 0 <TOTAL-REVENUES> 3,911,740<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 915,551<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,996,189 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,996,189 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,996,189 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($235,639) and Limited Partners equity of $205,998,810. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $436,620 of amortization of prepaid fees and expenses. <F7>Net income allocated $89,886 to the General Partners and $2,906,303 to the Limited Partners. Average net income per Limited Partner interest is $.20 on 14,655,512 Limited Partner interests outstanding. <F1>Includes Participating Insured Mortgages ("PIMS") of $151,402,766 and Mortgage Backed Securities ("MBS") of $40,496,162. <F2>Includes prepaid acquisition fees and expenses of $12,168,877 net of accumulated amortization of $8,611,252 and prepaid participation servicing fees of $3,765,596 net of accumulated amortization of $2,734,688. </FN>