<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> Dec-31-1999 <PERIOD-END> Mar-31-1999 <CASH> 6,548,451 <SECURITIES> 74,293,422<F1> <RECEIVABLES> 505,038 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,527,557<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 82,874,468 <CURRENT-LIABILITIES> 304,556 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 82,261,487<F3> <OTHER-SE> 308,425<F4> <TOTAL-LIABILITY-AND-EQUITY> 82,874,468 <SALES> 0 <TOTAL-REVENUES> 1,572,413<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 403,312<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,169,101 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,169,101 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,169,101 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1> Includes Participating Insured Mortgages ("PIMs") of $59,362,179 and Mortgage-Backed Securities ("MBS") of $14,931,243. <F2> Includes prepaid acquisition fees and expenses of $4,783,322 net of accumulated amortization of $3,666,507 and prepaid participation servicing fees of $1,505,207 net of accumulated amortization of $1,094,465. <F3> Represents total equity of General Partners and Limited Partners. General Partners deficit of ($178,207) and Limited Partners equity of $82,439,694. <F4> Unrealized gain on MBS. <F5> Represents interest income on investments in mortgages and cash. <F6> Includes $244,205 of amortization of prepaid fees and expenses. <F7> Net income allocated $35,073 to the General Partners and $1,134,028 to the Limited Partners. Average net income per Limited Partner interest is $.09 on 12,770,261 Limited Partner interests outstanding. </FN>