<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> 0000872467 <NAME> KRUPP GOVERNMENT INCOME TRUST-II <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 10,365,473 <SECURITIES> 267,826,210<F1> <RECEIVABLES> 1,644,180 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,672,321<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 295,508,184 <CURRENT-LIABILITIES> 1,662,833<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 294,836,757 <OTHER-SE> (991,406)<F4> <TOTAL-LIABILITY-AND-EQUITY> 295,508,184 <SALES> 0 <TOTAL-REVENUES> 5,306,978<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,294,362<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 4,012,616 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,012,616 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,084,916 <EPS-PRIMARY> .22 <EPS-DILUTED> .22 <FN> <F1>Includes Participating Insured Mortgage Investments ("PIMIs") (insured mortgages of $150,117,411 and Additional Loans of $29,952,351), Partcipating Insured Mortgages ("PIM's") of $49,529,348 and Mortgage-Backed Securities ("MBS") of $38,227,100. <F2>Includes prepaid acquisition fees and expenses of $16,483,642 net of accumulated amortization of $4,912,429 and prepaid participating servicing of $5,494,547 net of accumulated amortization of $1,393,439. <F3>Includes deferred income on Additional Loans of $1,656,456. <F4>Unrealized loss on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $534,747 of amortization for prepaid fees and expenses. </FN>