<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> 12-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> DEC-31-1995 <CASH> 3,433,885 <SECURITIES> 188,159,615<F1> <RECEIVABLES> 1,924,402 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,242,383<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 201,760,285 <CURRENT-LIABILITIES> 14,756 <BONDS> 0 <COMMON> 200,472,903<F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,272,626 <TOTAL-LIABILITY-AND-EQUITY> 201,760,285 <SALES> 0 <TOTAL-REVENUES> 15,728,883<F4> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,393,826<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 12,335,057 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,335,057 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,335,057 <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes the following investments: Participating Insured Mortgages ("PIMs") $151,465,652 & Mortgage-Backed Securities ("MBS") $36,693,963 <F2>Includes the following prepaid acquisition fees & expenses of $6,240,051 net of accumulated amortization of $6,091,012 and prepaid participating servicing of $2,002,332 net of accumulated amortization of $2,084,200 <F3>Represents total equity of General partners & Limited Partners of $(102,556) and $200,575,459 <F4>Represents interest income on investments in mortgages & cash <F5>Includes $1,622,438 of amortization related to prepaid fees & expenses <F6>Net income allocated $370,052 to the General Partners & $11,965,005 to the Limited Partners. Average net income per unit of Limited Partners interest is $.94 on 12,770,261 units outstanding. </FN>