<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> 0000857264 <NAME> KRUPP GOVERNMENT INCOME TRUST <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 9,749,804 <SECURITIES> 202,877,219<F1> <RECEIVABLES> 1,294,240 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,857,869<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 221,779,132 <CURRENT-LIABILITIES> 7,897,020<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 212,496,510 <OTHER-SE> 1,385,602<F4> <TOTAL-LIABILITY-AND-EQUITY> 221,779,132 <SALES> 0 <TOTAL-REVENUES> 17,617,796<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,718,561<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 12,899,235 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,899,235 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,899,235 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes Participating Insured Mortgage Investments ("PIMIs") (insured mortgages of $108,470,247 and Additional Loans of $19,209,108), Participating Insured Mortgages ("PIMs") of $48,112,523 and Mortgage-backed Securities ("MBS") of $27,085,341. <F2>Includes prepaid acquisition fees and expenses of $12,266,450 net of accumulated amortization of $6,658,224 and prepaid participation servicing fees of $4,088,713 net of accumulated amortization of $1,839,070. <F3>Includes deferred income on Additional Loans of $7,871,606. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $2,405,645 of amortization of prepaid fees and expenses. </FN>