<TABLE> <S> <C>

<PAGE>
<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENTS
OF FINANCIAL CONDITION, STATEMENTS OF OPERATIONS, STATEMENTS OF CHANGES IN
PARTNERS' CAPITAL AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000904918
<NAME> ML GLOBAL HORIZONS L.P.
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1995
<PERIOD-START>                             JAN-01-1996             JAN-01-1995
<PERIOD-END>                               DEC-31-1996             DEC-31-1995
<CASH>                                               0                       0
<RECEIVABLES>                               90,148,909              91,243,265
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                                  0                       0
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              90,148,909              91,243,265
<SHORT-TERM>                                         0                       0
<PAYABLES>                                   5,975,368               2,102,772
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  84,173,541              89,140,493
<TOTAL-LIABILITY-AND-EQUITY>                90,148,909              91,243,265
<TRADING-REVENUE>                           17,163,337              17,754,997
<INTEREST-DIVIDENDS>                         3,978,137               3,786,925
<COMMISSIONS>                                6,646,004               5,723,755
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                       0                       0
<INCOME-PRETAX>                             11,796,088              13,359,856
<INCOME-PRE-EXTRAORDINARY>                  11,796,088              13,359,856
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                11,796,088              13,359,856
<EPS-PRIMARY>                                    16.96                   20.13
<EPS-DILUTED>                                    16.96                   20.13
        

</TABLE>