<TABLE> <S> <C>


<ARTICLE>                                                                      6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM ML VENTURE
PARTNERS II, L.P.'S ANNUAL REPORT ON FORM 10-K FOR THE PERIOD ENDED DECEMBER 31,
1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
       
<S>                                                                          <C>
<PERIOD-TYPE>                                                             12-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1995
<PERIOD-START>                                                       JAN-01-1995
<PERIOD-END>                                                         DEC-31-1995
<INVESTMENTS-AT-COST>                                                 55,336,136
<INVESTMENTS-AT-VALUE>                                                90,495,088
<RECEIVABLES>                                                          3,679,902
<ASSETS-OTHER>                                                                 0
<OTHER-ITEMS-ASSETS>                                                     870,419
<TOTAL-ASSETS>                                                        95,045,409
<PAYABLE-FOR-SECURITIES>                                                       0
<SENIOR-LONG-TERM-DEBT>                                                        0
<OTHER-ITEMS-LIABILITIES>                                             14,702,877
<TOTAL-LIABILITIES>                                                   14,702,877
<SENIOR-EQUITY>                                                                0
<PAID-IN-CAPITAL-COMMON>                                                       0
<SHARES-COMMON-STOCK>                                                    120,000
<SHARES-COMMON-PRIOR>                                                    120,000
<ACCUMULATED-NII-CURRENT>                                                      0
<OVERDISTRIBUTION-NII>                                                         0
<ACCUMULATED-NET-GAINS>                                                        0
<OVERDISTRIBUTION-GAINS>                                                       0
<ACCUM-APPREC-OR-DEPREC>                                              35,125,184
<NET-ASSETS>                                                          80,342,532
<DIVIDEND-INCOME>                                                        832,825
<INTEREST-INCOME>                                                      1,436,640
<OTHER-INCOME>                                                                 0
<EXPENSES-NET>                                                         1,787,370
<NET-INVESTMENT-INCOME>                                                  482,095
<REALIZED-GAINS-CURRENT>                                              41,368,447
<APPREC-INCREASE-CURRENT>                                             12,661,342
<NET-CHANGE-FROM-OPS>                                                 54,511,884
<EQUALIZATION>                                                                 0
<DISTRIBUTIONS-OF-INCOME>                                                      0
<DISTRIBUTIONS-OF-GAINS>                                                       0
<DISTRIBUTIONS-OTHER>                                                 57,571,831
<NUMBER-OF-SHARES-SOLD>                                                        0
<NUMBER-OF-SHARES-REDEEMED>                                                    0
<SHARES-REINVESTED>                                                            0
<NET-CHANGE-IN-ASSETS>                                                11,249,108
<ACCUMULATED-NII-PRIOR>                                                        0
<ACCUMULATED-GAINS-PRIOR>                                                      0
<OVERDISTRIB-NII-PRIOR>                                                        0
<OVERDIST-NET-GAINS-PRIOR>                                                     0
<GROSS-ADVISORY-FEES>                                                          0
<INTEREST-EXPENSE>                                                             0
<GROSS-EXPENSE>                                                                0
<AVERAGE-NET-ASSETS>                                                  81,872,506
<PER-SHARE-NAV-BEGIN>                                                        638
<PER-SHARE-NII>                                                                2
<PER-SHARE-GAIN-APPREC>                                                      356
<PER-SHARE-DIVIDEND>                                                           0
<PER-SHARE-DISTRIBUTIONS>                                                    400
<RETURNS-OF-CAPITAL>                                                           0
<PER-SHARE-NAV-END>                                                          596
<EXPENSE-RATIO>                                                                0
<AVG-DEBT-OUTSTANDING>                                                         0
<AVG-DEBT-PER-SHARE>                                                           0
        


</TABLE>