<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> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 9,052,480 <SECURITIES> 166,775,746<F1> <RECEIVABLES> 1,180,660 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,118,091<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 180,126,977 <CURRENT-LIABILITIES> 25,588 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 178,332,169<F3> <OTHER-SE> 1,769,220<F4> <TOTAL-LIABILITY-AND-EQUITY> 180,126,977 <SALES> 0 <TOTAL-REVENUES> 16,672,558<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,699,958<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 12,972,600 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,972,600 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,972,600 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $122,048,053 and Mortgage-Backed Securities ("MBS") of $44,727,693. <F2>Includes prepaid acquisition fees and expenses of $10,774,240 net of accumulated amortization of $8,293,080 and prepaid participation servicing fees of $3,344,245 net of accumulated amortization of $2,707,314. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($265,315) and Limited Partners equity of $178,597,484. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $1,907,062 of amortization of prepaid fees and expenses. <F7>Net income allocated $389,178 to the General Partners and $12,583,422 to the Limited Partners. Average net income per Limited Partner interest is $.86 on 14,655,512 Limited Partner interest outstanding. </FN>