<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> 3-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 9,622,468 <SECURITIES> 115,657,137<F1> <RECEIVABLES> 772,334 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,022,518<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 129,074,457 <CURRENT-LIABILITIES> 24,749 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 127,930,418<F3> <OTHER-SE> 1,119,290<F4> <TOTAL-LIABILITY-AND-EQUITY> 129,074,457 <SALES> 0 <TOTAL-REVENUES> 2,918,186<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,107,710<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,810,476 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,810,476 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,810,476 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $87,054,986 and Mortgage-Backed Securities ("MBS") of $28,602,151. <F2>Includes prepaid acquisition fees and expenses of $7,553,133 net of accumulated amortization of $5,261,806 and prepaid participation servicing fees of $2,193,874 net of accumulated amortization of $1,462,683. <F3>Represents total equity of General Partners and Limited Partners. General Partenrs deficit of ($134,855) and Limited Partners equity of $128,065,273. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortages and cash. <F6>Includes $814,751 of amortization of prepaid fees and expenses. <F7>Net income allocated $54,314 to the General Partners and $1,756,162 to the Limited Partners. Avergage net income per Limited Partner interest is $.14 on 12,770,261 Limited Partner interests outstanding. </FN>