<TABLE> <S> <C>

<PAGE>
<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENTS
OF FINANCIAL CONDITIONS, STATEMENTS OF OPERATIONS, STATEMENTS OF CHANGES IN
PARTNERS' CAPITAL AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890015
<NAME> THE SECTOR STRATEGY FUND/SM/V 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>                               11,062,198              27,048,512
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                          3,405,293                       0
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              14,467,491              27,048,512
<SHORT-TERM>                                         0                       0
<PAYABLES>                                     433,195                 992,458
<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>                                  14,034,296              26,056,054
<TOTAL-LIABILITY-AND-EQUITY>                14,467,491              27,048,512
<TRADING-REVENUE>                            (681,370)               5,308,234
<INTEREST-DIVIDENDS>                           782,522               1,600,013
<COMMISSIONS>                                1,198,690               2,378,476
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                       0                       0
<INCOME-PRETAX>                              (469,897)               4,004,894
<INCOME-PRE-EXTRAORDINARY>                   (469,897)               4,004,894
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 (469,897)               4,004,894
<EPS-PRIMARY>                                   (2.83)                   13.64
<EPS-DILUTED>                                   (2.83)                   13.64
        

</TABLE>