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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                         Commission file number 0-17691

                   Krupp Insured Plus-III Limited Partnership
             (Exact name of registrant as specified in its charter)

         One Beacon Street, Boston, Massachusetts, 02108 (617) 523-0066
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                          Units of Depository Receipts
            (Title of each class of securities covered by this Form)

                                       N/A
  (Titles of all other classes of securities for which a duty to file reports
                    under section 13 (a) or 15 (d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s)
relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)(i)  |X|                    Rule 12h-3(b)(1)(i)  |X|
Rule 12g-4(a)(1)(ii) |_|                    Rule 12g-4(b)(1)(ii) |_|
Rule 12g-4(a)(2)(i)  |_|                    Rule 12g-4(b)(2)(i)  |_|
Rule 12g-4(a)(2)(ii) |_|                    Rule 12g-4(b)(2)(ii) |_|
                                            Rule 15d-6           |_|

Approximate number of holders of record as of the certification or notice date:
- -0-

Pursuant to the requirements of the Securities Exchange Act of 1934 Krupp
Insured Plus-III Limited Partnership has caused this certification/notice to be
signed on its behalf by the undersigned duly authorized person.

Date: September 29, 2004         By: /s/ Alan Reese
                                     -------------------------------------------
                                     Alan Reese
                                     Treasurer and Chief Accounting Officer of
                                     Krupp Plus Corporation, a General Partner.

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