<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> 9-MOS <FISCAL-YEAR-END> Dec-31-1999 <PERIOD-END> Sep-30-1999 <CASH> 5,455,806 <SECURITIES> 62,859,212<F1> <RECEIVABLES> 430,986 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,146,823<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 69,892,827 <CURRENT-LIABILITIES> 13,499 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 69,781,899<F3> <OTHER-SE> 97,429<F4> <TOTAL-LIABILITY-AND-EQUITY> 69,892,827 <SALES> 0 <TOTAL-REVENUES> 5,033,018<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,193,587<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,839,431 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,839,431 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,839,431 <EPS-BASIC> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $49,468,630 and Mortgage-Backed Securities ("MBS") of $13,390,582. <F2>Includes prepaid acquisition fees and expenses of $4,018,829 net of accumulated amortization of $3,781,829 and prepaid participation servicing fees of $1,251,853 net of accumulated amortization of $1,317,338. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($179,229) and Limited Partners equity of $69,961,128. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $624,939 of amortization of prepaid fees and expenses. <F7>Net income allocated $115,183 to the General Partners and $3,724,248 to the Limited Partners. Average net income per Limited Partner interest is $.29 on 12,770,261 Limited Partner interests outstanding. </FN>