<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> 3-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 14,656,337 <SECURITIES> 261,701,439<F1> <RECEIVABLES> 1,644,290 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 13,494,844<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 291,496,910 <CURRENT-LIABILITIES> 2,619,964<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 288,410,028 <OTHER-SE> 466,918<F4> <TOTAL-LIABILITY-AND-EQUITY> 291,496,910 <SALES> 0 <TOTAL-REVENUES> 5,490,525<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,203,724<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 4,286,801 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,286,801 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,286,801 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes Participating Insured Mortage Investments ("PIMs") (insured mortages of $145,175,884 and Additional Loans of $29,152,351), Participating Insured Mortgages ("PIMs") of $37,569,147 and Mortgage-backed Securities ("MBS") of $49,804,057. <F2>Includes prepaid acquisition fees and expenses of $16,483,642 net of accumulated amortization of $6,496,265 and prepaid participation servicing fees of $5,494,547 net of accumulated amortization of $1,987,080. <F3>Includes deferred income on Additional Loans of $2,586,142. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $525,668 of amortization of prepaid fees and expenses. </FN>