<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> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 18,010,578 <SECURITIES> 236,596,132<F1> <RECEIVABLES> 1,682,882 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,120,406<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 267,409,998 <CURRENT-LIABILITIES> 2,762,906<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 264,099,856 <OTHER-SE> 547,236<F4> <TOTAL-LIABILITY-AND-EQUITY> 267,409,998 <SALES> 0 <TOTAL-REVENUES> 21,629,669<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,446,558<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 13,183,111 <INCOME-TAX> 0 <INCOME-CONTINUING> 13,183,111 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,183,111 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> Includes Participating Insured Mortgage Investments (PIMIs) (insured mortgages of $133,132,325 and Additional Loans of $23,298,351), Participating Insured Mortgages(PIMs)of $38,331,257 and Mortgage-backed Securities (MBS) of $41,834,199. <F2> Includes prepaid acquisition fees and expenses of $15,457,112 net of accumulated amortization of $7,167,563 and prepaid participation servicing fees of $5,152,370 net of accumulated amortization of $2,321,513. <F3> Includes deferred income on Additional Loans of $2,719,343. <F4> Unrealized gain on MBS. <F5> Represents interest income on investments in mortgages and cash. <F6> Includes $2,994,000 for impaired mortgage loans and $2,900,106 of amortization of prepaid fees and expenses. </FN>