<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> 6-MOS <FISCAL-YEAR-END> Dec-31-1999 <PERIOD-END> Jun-30-1999 <CASH> 5,799,430 <SECURITIES> 73,422,489<F1> <RECEIVABLES> 503,748 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,374,735<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 81,100,402 <CURRENT-LIABILITIES> 9,132 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 80,931,022<F3> <OTHER-SE> 160,248<F4> <TOTAL-LIABILITY-AND-EQUITY> 81,100,402 <SALES> 0 <TOTAL-REVENUES> 3,071,427<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 764,063<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,307,364 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,307,364 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,307,364 <EPS-BASIC> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $59,282,932 and Mortgage-Backed Securities ("MBS") of $14,139,557. <F2>Includes prepaid acquisition fees and expenses of $4,783,322 net of accumulated amortization of $3,781,289 and prepaid participation servicing fees of $1,505,207 net of accumulated amortization of $1,132,505. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($186,458) and Limited Partners equity of $81,117,480. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $397,027 of amortization of prepaid fees and expenses. <F7>Net income allocated $69,221 to the General Partners and $2,238,143 to the Limited Partners. Average net income per Limited Partner interest is $.18 on 12,770,261 Limited Partner interests outstanding. </FN>