<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the balance shee 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> Sep-30-1998 <PERIOD-END> Sep-30-1998 <CASH> 11,036,911 <SECURITIES> 92,429,112<F1> <RECEIVABLES> 627,842 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,077,905<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 106,171,770 <CURRENT-LIABILITIES> 22,829 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 105,353,339<F3> <OTHER-SE> 795,602<F4> <TOTAL-LIABILITY-AND-EQUITY> 106,171,770 <SALES> 0 <TOTAL-REVENUES> 8,465,735<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,532,923<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 5,932,812 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,932,812 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,932,812 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $75,449,114 and Mortgage-Backed Securities ("MBS") of $16,979,998. <F2>Includes prepaid acquisition fees and expenses of $6,320,003 net of accumulated amortization of $4,475,668 and prepaid participation servicing fees of $1,910,030 net of accumulated amortization of $1,676,460. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($148,663) and Limited Partners equity of $105,502,002. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $1,758,364 of amortization of prepaid fees and expenses. <F7>Net income allocated $177,984 to the General Partners and $5,754,828 to the Limited Partners. Average net income per Limited Partner interest is $.45 on 12,770,261 Limited Partner interests outstanding. </FN>