<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 LIMITED PARTNERSHIP <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 9,632,212 <SECURITIES> 152,314,555<F1> <RECEIVABLES> 1,063,057 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,690,882<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 165,700,766 <CURRENT-LIABILITIES> 28,599 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 163,961,249<F3> <OTHER-SE> 1,710,858<F4> <TOTAL-LIABILITY-AND-EQUITY> 165,700,706 <SALES> 0 <TOTAL-REVENUES> 4,428,667<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 808,061<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,620,606 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,620,606 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,620,606 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs")of $108,261,010 and Mortgage-Backed Securities ("MBS") of $44,053,545. <F2>Includes prepaid acquisition fees and expenses of $9,811,176 net of accumulated amortization of $7,660,722 and prepaid participation servicing fees of $2,699,991 net of accumulated amortization of $2,159,563. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($268,499) and Limited Partners equity of $164,229,748. <F4>Unrealized gains on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $427,209 of amortization of prepaid fees and expenses. <F7>Net income allocated $108,618 to the General Partners and $3,511,988 to the Limited Partners. Average net income per Limited Partner interest is $.24 on 14,655,512 Limited Partner interests outstanding. </FN>