<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> 0000832095 <NAME> KRUPP INSURED MORTGAGE LIMITED PARTNERSHIP <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 20,480,666 <SECURITIES> 136,752,581<F1> <RECEIVABLES> 936,883 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,188,160<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 161,358,290 <CURRENT-LIABILITIES> 120,966 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 160,447,019<F3> <OTHER-SE> 790,305<F4> <TOTAL-LIABILITY-AND-EQUITY> 161,358,290 <SALES> 0 <TOTAL-REVENUES> 16,679,293<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,491,219<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 12,188,074 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,188,074 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,188,074 <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes Participating Insured Mortgages ("PIMs") of $113,051,723 and Mortgage-Backed Securities ("MBS") of $23,700,858. <F2>Includes prepaid acquisition fees and expenses of $9,338,087 net of accumulated amortization of $6,944,814 and prepaid participation servicing fees of $3,087,921 net of accumulated amortization of $2,293,034. <F3>Represents total equity of General Partners and Limited Partners. General Partners deficit of ($274,985) and Limited Partners equity of $160,722,004. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $2,916,678 of amortization of prepaid fees and expenses. <F7>Net income allocated $365,642 to the General Partners and $11,822,432 to the Limited Partners. Average net income per Limited Partner interest is $.79 on 14,956,896 Limited Partner interests outstanding. </FN>