<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> Dec-31-1999 <PERIOD-START> Jan-1-1999 <PERIOD-END> Mar-31-1999 <CASH> 20,335,060 <SECURITIES> 232,809,736<F1> <RECEIVABLES> 1,296,793 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,630,078<F2> <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 265,071,667 <CURRENT-LIABILITIES> 2,820,738<F3> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 261,739,798 <OTHER-SE> 511,131<F4> <TOTAL-LIABILITY-AND-EQUITY> 265,071,667 <SALES> 0 <TOTAL-REVENUES> 4,410,220<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,029,179<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,381,041 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,381,041 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,381,041 <EPS-PRIMARY> .18 <EPS-DILUTED> 0 <FN> <F1> Includes Participating Insured Mortgage Investments ("PIMIs") (insured mortgages of $132,796,944 and Additional Loans of $23,298,351) Participating Insured Mortgages ("PIMs") of $38,249,402 and Mortgage-backed Securities ("MBS") of $38,465,039. <F2> Includes prepaid acquisition fees and expenses of $15,457,112 net of accumulated amortization of $7,538,891 and prepaid participation servicing fees of $5,152,370 net of accumulated amortization of $2,440,513. <F3> Includes deferred income on Additional Loans of $2,781,780. <F4> Unrealized gain on MBS. <F5> Represents interest income on investments in mortgages and cash. <F6> Includes $490,328 of amortization of prepaid fees and expenses. </FN>