<TABLE> <S> <C>
<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> 0000832091
<NAME> KRUPP INSURED PLUS-III LIMITED PARTNERSHIP
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 1,964,829
<SECURITIES> 47,135,357<F1>
<RECEIVABLES> 237,151
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 273,237<F2>
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 49,717,481
<CURRENT-LIABILITIES> 14,661
<BONDS> 0
0
0
<COMMON> 49,677,650<F3>
<OTHER-SE> 25,170<F4>
<TOTAL-LIABILITY-AND-EQUITY> 49,717,481
<SALES> 0
<TOTAL-REVENUES> 2,954,636<F5>
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 782,284<F6>
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 2,172,352
<INCOME-TAX> 0
<INCOME-CONTINUING> 2,172,352
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,172,352
<EPS-BASIC> 0<F7>
<EPS-DILUTED> 0<F7>
<FN>
<F1>Includes Participating Insured Mortgages ("PIMs") of $34,643,892 and
Mortgage-Backed Securities ("MBS") of $12,491,465.
<F2>Includes prepaid acquisition fees and expenses of $2,921,471 net of
accumulated amortization of $2,648,234 and prepaid participation servicing
fees of $888,187 net of accumulated amortization of $781,280.
<F3>Represents total equity of General Partners and Limited Partners.
General Partners deficit of ($207,376) and Limited Partners equity of
$49,885,026.
<F4>Unrealized gain on MBS.
<F5>Represents interest income on investments in mortgages and cash.
<F6>Includes $285,052 of amortization of prepaid fees and expenses.
<F7>Net income allocated $65,171 to the General Partners and $2,107,181 to
the Limited Partners. Average net income per Limited Partner interest is
$.17 on 12,770,261 Limited Partner interests outstanding.
</FN>
</TABLE>
