<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-31-1998 <PERIOD-END> Dec-31-1998 <CASH> 9,004,397 <SECURITIES> 156,500,763<F1> <RECEIVABLES> 1,057,365 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,859,164<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 171,421,689 <CURRENT-LIABILITIES> 5,773,669 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 164,742,014 <OTHER-SE> 872,776<F4> <TOTAL-LIABILITY-AND-EQUITY> 171,421,689 <SALES> 0 <TOTAL-REVENUES> 21,922,286<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,085,465<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 14,836,465 <INCOME-TAX> 0 <INCOME-CONTINUING> 14,836,465 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,836,465 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> Includes Participating Insured Mortgage Investments ("PIMIs") (insured mortgages of $75,386,460 and Additional Loans of $11,243,862), Participating Insured Mortgages ("PIMs") of $47,737,583 and Mortgage-backed Securities ("MBS") of $22,132,858. <F2> Includes prepaid acquisition fees and expenses of $9,570,796 net accumulated amortization of $6,125,191 and prepaid participation servicing fees of $3,190,184 net of accumulated amortization of $1,776,625. <F3> Includes deferred income on Additional Loans of $5,773,669. <F4> Unrealized gain on MBS. <F5> Represents interest income on investments in mortgages and cash. <F6> Includes $2,114,346 for impaired mortgage loans and $2,998,705 of amortization of prepaid fees and expenses. </FN>