<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> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 11,079,485 <SECURITIES> 179,137,915<F1> <RECEIVABLES> 1,269,854 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,570,019<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 195,057,273 <CURRENT-LIABILITIES> 18,123 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 193,775,563<F3> <OTHER-SE> 1,263,587<F4> <TOTAL-LIABILITY-AND-EQUITY> 195,057,273 <SALES> 0 <TOTAL-REVENUES> 12,653,116<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,808,379<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 9,844,737 <INCOME-TAX> 0 <INCOME-CONTINUING> 9,844,737 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 9,844,737 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages("PIMs") of $128,994,690 and Mortgage-Backed Securities ("MBS") of $50,143,225. <F2>Includes prepaid acquisition fees and expenses of $11,246,380 net of accumulated amortization of $8,416,332 and prepaid participation servicing fees of $3,513,542 net of accumulated amortization of $2,773,571. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($253,838) and Limited Partners equity of $194,029,401. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $1,455,134 of amortization of prepaid fees and expenses. <F7>Net income allocated $295,343 to the General Partners and $9,549,394 to the Limited Partners. Average net income per Limited Partner interest is $.65 on 14,655,512 Limited Partner interests outstanding. </FN>