<TABLE> <S> <C>


<ARTICLE>                                                                      5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION   EXTRACTED  FROM  ML
TECHNOLOGY  VENTURES,  L.P.'S QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED
SEPTEMBER  30,  1998 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                                          <C>
<PERIOD-TYPE>                                                              9-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1998
<PERIOD-START>                                                        JAN-1-1998
<PERIOD-END>                                                         SEP-30-1998
<CASH>                                                                   130,936
<SECURITIES>                                                           1,399,803
<RECEIVABLES>                                                             32,555
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                               0
<PP&E>                                                                         0
<DEPRECIATION>                                                                 0
<TOTAL-ASSETS>                                                         1,563,294
<CURRENT-LIABILITIES>                                                     71,241
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                       0
<OTHER-SE>                                                             1,492,053
<TOTAL-LIABILITY-AND-EQUITY>                                           1,563,294
<SALES>                                                                        0
<TOTAL-REVENUES>                                                         123,004
<CGS>                                                                          0
<TOTAL-COSTS>                                                                  0
<OTHER-EXPENSES>                                                         247,336
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                             0
<INCOME-PRETAX>                                                                0
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                            0
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                           (124,332)
<EPS-PRIMARY>                                                             (1.62)
<EPS-DILUTED>                                                             (1.62)
        


</TABLE>