<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> Sep-30-1998 <PERIOD-END> Sep-30-1998 <CASH> 16,999,123 <SECURITIES> 243,513,520<F1> <RECEIVABLES> 1,449,718 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,604,691<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 273,566,782 <CURRENT-LIABILITIES> 2,637,632<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 269,639,177 <OTHER-SE> 1,289,974<F4> <TOTAL-LIABILITY-AND-EQUITY> 273,566,782 <SALES> 0 <TOTAL-REVENUES> 17,323,496<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,342,163<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 12,981,333 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,981,333 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,981,333 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes Participating Insured Mortgage Investments ("PIMIs") (insured mortgages of $133,461,199 and Additional Loans of $26,292,351(, Participating Insured Mortgages ("PIMs") of $38,411,591 and Mortgage-backed Securities ("MBS") of $45,348,109. <F2>Includes prepaid acquisition fees and expenses of $16,483,642 net of accumulated amortization of $7,822,766 and prepaid participation servicing fees of $5,494,547 net of accumulated amortization of $2,550,732. <F3>Includes deferred income on Additional Loans of $2,603,811. <F4>Unrealized gain on MBS. <F5>Represents interest income on investments in mortgages and cash. <F6>Includes $2,415,821 of amortization of prepaid fees and expenses. </FN>