<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> 0000832091 <NAME> KRUPP INSURED PLUS-III LIMITED PARTNERSHIP <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> SEP-30-2000 <CASH> 1,964,829 <SECURITIES> 47,135,357<F1> <RECEIVABLES> 237,151 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 273,237<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 49,717,481 <CURRENT-LIABILITIES> 14,661 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 49,677,650<F3> <OTHER-SE> 25,170<F4> <TOTAL-LIABILITY-AND-EQUITY> 49,717,481 <SALES> 0 <TOTAL-REVENUES> 2,954,636<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 782,284<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,172,352 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,172,352 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,172,352 <EPS-BASIC> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $34,643,892 and Mortgage-Backed Securities ("MBS") of $12,491,465. <F2>Includes prepaid acquisition fees and expenses of $2,921,471 net of accumulated amortization of $2,648,234 and prepaid participation servicing fees of $888,187 net of accumulated amortization of $781,280. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($207,376) and Limited Partners equity of $49,885,026. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $285,052 of amortization of prepaid fees and expenses. <F7>Net income allocated $65,171 to the General Partners and $2,107,181 to the Limited Partners. Average net income per Limited Partner interest is $.17 on 12,770,261 Limited Partner interests outstanding. </FN>