<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> 0000872467 <NAME> KRUPP GOVERNMENT INCOME TRUST-II <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 9,224,905 <SECURITIES> 271,688,855<F1> <RECEIVABLES> 2,054,377 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 16,740,717<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 299,708,854 <CURRENT-LIABILITIES> 1,628,347<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 298,653,573 <OTHER-SE> (573,066)<F4> <TOTAL-LIABILITY-AND-EQUITY> 299,708,854 <SALES> 0 <TOTAL-REVENUES> 15,053,900<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,707,486<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 11,346,414 <INCOME-TAX> 0 <INCOME-CONTINUING> 11,346,414 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 11,346,414 <EPS-PRIMARY> .62 <EPS-DILUTED> .62 <FN> <F1>Includes Participating Insured Mortgage Investments ("PIMIs") insured mortgages of $150,789,589 and Additional Loans of $29,952,351), Participating Insured Mortgages ("PIMs") of $49,501,970 and Mortgage-Backed Securities ("MBS") of $41,444,945 <F2>Includes prepaid acquisition fees and expenses of $16,483,642 net of accumulated amortization of $4,113,753 and prepaid participating servicing of $5,494,547 net of accumulated amortization of $1,123,719 <F3>Includes deferred income on Additional Loans of $1,608,977 <F4>Unrealized loss on MBS <F5>Represents interest income on investments in mortgages and cash <F6>Includes $1,561,256 of amortization for prepaid fees and expenses </FN>