<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the balance sheet and statement of income and is qualified in it's entirety by reference to such financial statements. </LEGEND> <CIK> 0000872467 <NAME> KRUPP GOVERNMENT INCOME TRUST-II <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 12,914,092 <SECURITIES> 265,264,746<F1> <RECEIVABLES> 1,848,998 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 14,549,425<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 294,577,261 <CURRENT-LIABILITIES> 2,280,009<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 291,965,290 <OTHER-SE> 331,962<F4> <TOTAL-LIABILITY-AND-EQUITY> 294,577,261 <SALES> 0 <TOTAL-REVENUES> 16,437,053<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,813,705<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 12,623,348 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,623,348 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,623,348 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes Participating Insured Mortgage Investments ("PIMI's") (insured mortgages of $145,891,556 and Additional Loans of $29,152,351), Participating Insured Mortgages ("PIMs") of $49,325,181 and Mortgage-backed Securities ("MBS") of $40,895,658. <F2>Includes prepaid acquisition fees and expenses of $16,483,642 net of accumulated amortization of $5,702,094 and prepaid participation servcing fees of $5,494,547 net of accumulated amortization of $1,726,670. <F3>Includes deferred income on Additional Loans of $2,256,973. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $1,657,673 of amortization of prepaid fees and expenses. </FN>