<ARTICLE> 5 <LEGEND> The schedule contains summaru 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-31-1998 <PERIOD-END> Dec-31-1998 <CASH> 6,845,229 <SECURITIES> 86,095,671<F1> <RECEIVABLES> 588,019 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,771,762<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 95,300,681 <CURRENT-LIABILITIES> 161,439 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 94,811,753<F3> <OTHER-SE> 327,489<F4> <TOTAL-LIABILITY-AND-EQUITY> 95,300,681 <SALES> 0 <TOTAL-REVENUES> 10,782,454<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,069,131<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 7,713,323 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,713,323 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,713,323 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $70,497,441 and Mortgage-Backed Securities ("MBS") of $15,598,230. <F2>Includes prepaid acquisition fees and expenses of $5,639,261 net of accumulated amortization of $4,339,027 and prepaid participation servicing fees of $1,788,866 net of accumulated amortization of $1,317,338. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($157,989) and Limited Partners equity of $94,969,742. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $2,064,507 of amortization of prepaid fees and expenses. <F7>Net income allocated $231,400 to the General Partners and $7,481,923 to the Limited Partners. Average net income per Limited Partner interest is $.59 on 12,770,261 Limited Partner interests outstanding. </FN>