<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the balance sheet and statement of income and is qualified in its entirety be reference to such financial statements. </LEGEND> <CIK> 0000872467 <NAME> KRUPP GOVERNMENT INCOME TRUST-II <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 13,520,091 <SECURITIES> 263,505,968<F1> <RECEIVABLES> 2,111,153 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 14,020,512<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 293,157,724 <CURRENT-LIABILITIES> 2,786,654<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 289,864,327 <OTHER-SE> 506,743<F4> <TOTAL-LIABILITY-AND-EQUITY> 293,157,724 <SALES> 0 <TOTAL-REVENUES> 21,290,555<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,027,070<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 16,263,485 <INCOME-TAX> 0 <INCOME-CONTINUING> 16,263,485 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,263,485 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes Participating Insured Mortgage Investments ("PIMIs") (insured mortgages of $145,537,234 and Additional Loans of $29,152,351), Participating Insured Mortgages ("PIMs") if $37,645,082 and Mortgage-backed Securities ("MBS") of $51,171,301. <F2>Includes prepaid acquisition fees and expenses of $16,483,642 net of accumulated amortization of $6,099,180 and prepaid participation servicing fees of $5,494,547 net of accumulated amortization of $1,858,497. <F3>Includes deferred income on Additional Loans of $2,755,705. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $2,186,556 of amortization of prepaid fees and expenses. </FN>