UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 4, 2003 Commission file number 0-15815 Krupp Insured Plus Limited Partnership Massachusetts 04-2915281 (State or other jurisdiction of (IRS employer incorporation or organization) identification no.) One Beacon Street, Boston, Massachusetts 02108 (Address of principal executive offices) (Zip Code) (617) 523-0066 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |X| No |_| -1- Item 5. Other Events Reduction in Distribution Rate On June 4, 2003, the Partnership declared a quarterly distribution rate, until further notice, of $0.03 per Limited Partner interest, reduced from $0.05 per Limited Partner interest, effective with the distribution payable on August 14, 2003. -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Krupp Insured Plus Limited Partnership -------------------------------------- (Registrant) BY: /s/ Alan Reese ------------------------------------------- Alan Reese Vice-President (Chief Accounting Officer) of the Krupp Corporation, a General Partner of the Registrant Date: June 17, 2003 -3-