SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

 [X]     Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the Quarterly Period Ended September 30, 2000

Or

[ ]      Transition Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the transition period from               to
Commission file number 2-91941


                          ML TECHNOLOGY VENTURES, L.P.
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


Delaware                                                              13-3213176
--------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)


4 World Financial Center, 26th Floor
New York, New York                                                         10080
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code:  (212) 449-1000


Not applicable
--------------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last report


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No


<PAGE>


                              ML TECHNOLOGY VENTURES, L.P.

                                      INDEX


PART I.       FINANCIAL INFORMATION

Item 1.       Financial Statements.

Balance Sheets as of September 30, 2000 (Unaudited) and December 31, 1999

Statements of Operations for the Three and Nine Months Ended September 30, 2000
and 1999 (Unaudited)

Statements of Cash Flows for the Nine Months Ended September 30, 2000 and 1999
(Unaudited)

Statement of Changes in Partners' Capital for the Nine Months Ended
September 30, 2000 (Unaudited)

Notes to Financial Statements (Unaudited)

Item 2.       Management's Discussion and Analysis of Financial Condition and
              Results of Operations.

Item 3.       Quantitative and Qualitative Disclosures about Market Risk


PART II.      OTHER INFORMATION

Item 1.       Legal Proceedings.

Item 2.       Changes in Securities and Use of Proceeds.

Item 3.       Defaults upon Senior Securities.

Item 4.       Submission of Matters to a Vote of Security Holders.

Item 5.       Other Information.

Item 6.       Exhibits and Reports on Form 8-K.



<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1.       Financial Statements.

ML TECHNOLOGY VENTURES, L.P.
BALANCE SHEETS
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>



                                                                                           September 30,
                                                                                                2000              December 31,
                                                                                           (Unaudited)                1999
                                                                                         -----------------      ----------------
Assets

Cash and cash equivalents                                                                $        108,351       $       108,819
Investments:
   Publicly traded securities, at market value (cost of $1,125,000 as of
     September 30, 2000 and December 31, 1999)                                                    744,049               103,175
   Subordinated promissory note                                                                   110,000               110,000
Accrued royalty receivable                                                                              -                31,386
                                                                                         ----------------       ---------------

Total Assets                                                                             $        962,400       $       353,380
                                                                                         ================       ===============


Liabilities and Partners' Capital

Liabilities:
Accounts payable and accrued expenses                                                    $         20,476       $        16,365
Due to Management Company                                                                         200,000                50,000
                                                                                         ----------------       ---------------
   Total liabilities                                                                              220,476                66,365
                                                                                         ----------------       ---------------

Partners' Capital:
General Partner                                                                                   112,287               130,884
Limited Partners (69,094 Units)                                                                 1,010,588             1,177,956
Accumulated unallocated other comprehensive loss
   - unrealized depreciation of investments                                                      (380,951)           (1,021,825)
                                                                                         ----------------       ---------------
Total partners' capital                                                                           741,924               287,015
                                                                                         ----------------       ---------------

Total Liabilities and Partners' Capital                                                  $        962,400       $       353,380
                                                                                         ================       ===============

</TABLE>



See notes to financial statements.


<PAGE>


ML TECHNOLOGY VENTURES, L.P.
STATEMENTS OF OPERATIONS (Unaudited)
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                       Three Months Ended                 Nine Months Ended
                                                                          September 30,                     September 30,
                                                                    2000            1999              2000             1999
                                                              -------------   ---------------   --------------     -------------
INCOME

   Royalty and licensing income                               $         163     $      29,641   $      43,738     $       95,393
   Interest income                                                      588             5,991           1,643             19,223
                                                              -------------     -------------   -------------     --------------
   Total income                                                         751            35,632          45,381            114,616
                                                              -------------     -------------   -------------     --------------

EXPENSES

   Management fee                                                    50,000            50,000         150,000            150,000
   Professional fees                                                  6,325             2,022          48,852             46,465
   Mailing and printing                                               9,040             9,311          31,407             31,455
   Miscellaneous                                                        187               179           1,087              1,079
                                                              -------------     -------------   -------------     --------------
   Total expenses                                                    65,552            61,512         231,346            228,999
                                                              -------------     -------------   -------------     --------------

NET OPERATING LOSS                                                  (64,801)          (25,880)       (185,965)          (114,383)

Net realized gain from investments                                        -                 -               -              1,645
                                                              -------------     -------------   -------------     --------------

NET LOSS                                                            (64,801)          (25,880)       (185,965)          (112,738)

OTHER COMPREHENSIVE (LOSS) INCOME
    Change in unrealized depreciation
         of investments                                             (49,600)          (62,004)        640,874           (347,223)
                                                              -------------     -------------   -------------     --------------

COMPREHENSIVE (LOSS) INCOME                                   $    (114,401)    $     (87,884)  $     454,909     $     (459,961)
                                                              =============     =============   =============     ==============


Net loss per unit of limited partnership interest                $    (.84)       $     (.34)      $   (2.42)        $    (1.47)
                                                                 =========        ==========       =========         ==========

</TABLE>

See notes to financial statements.


<PAGE>


ML TECHNOLOGY VENTURES, L.P.
STATEMENTS OF CASH FLOWS (Unaudited)
For the Nine Months Ended September 30,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                                  2000               1999
                                                                                             --------------     ---------------

CASH FLOWS USED FOR OPERATING ACTIVITIES
     Interest and other income received                                                      $       76,767     $       118,336
     Other operating expenses paid                                                                  (77,235)           (217,364)
                                                                                             --------------     ---------------
     Cash used for operating activities                                                                (468)            (99,028)
                                                                                             --------------     ---------------

CASH FLOWS PROVIDED FROM INVESTING ACTIVITIES
     Net return on U.S. Government Securities                                                             -              94,973
                                                                                             --------------     ---------------
     Cash provided from investing activities                                                              -              94,973
                                                                                             --------------     ---------------

Decrease in cash and cash equivalents                                                                  (468)             (4,055)
Cash and cash equivalents at beginning of period                                                    108,819             105,543
                                                                                             --------------     ---------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                   $      108,351     $       101,488
                                                                                             ==============     ===============



Reconciliation of net operating loss to cash used for operating activities:
   Net operating loss                                                                        $     (185,965)    $      (114,383)
                                                                                             --------------     ---------------
   Adjustments to reconcile net operating loss to cash used for operating
     activities:
       Net realized gain from investments                                                                 -               1,645
       Decrease in accrued royalty receivable                                                        31,386                 376
       Increase in accounts payable and accrued liabilities                                           4,111              11,635
       Increase in due to Management Company                                                        150,000                   -
       Decrease in accrued interest on U.S. Government Securities                                         -               1,699
                                                                                             --------------     ---------------
   Total adjustments                                                                                185,497              15,355
                                                                                             --------------     ---------------


Cash used for operating activities                                                           $         (468)    $       (99,028)
                                                                                             ==============     ===============

</TABLE>

See notes to financial statements.



<PAGE>


ML TECHNOLOGY VENTURES, L.P.
STATEMENT OF CHANGES IN PARTNERS' CAPITAL (Unaudited)
For the Nine Months Ended September 30, 2000
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>



                                                                                            Accumulated
                                                                                            Unallocated
                                                                                               Other
                                                       General          Limited            Comprehensive
                                                       Partner         Partners            Income (Loss)            Total

Balance as of beginning of period                  $    130,884    $      1,177,956     $     (1,021,825)     $       287,015

Allocation of net loss                                  (18,597)           (167,368)                   -             (185,965)

Change in other comprehensive income -
   change in unrealized depreciation
   of investments                                             -                   -              640,874              640,874
                                                   ------------    ----------------     ----------------      ---------------

Balance as of end of period                        $    112,287    $      1,010,588     $       (380,951)     $       741,924
                                                   ============    ================     ================      ===============

</TABLE>

See notes to financial statements.


<PAGE>


ML TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS (Unaudited)

1.       Organization and Purpose

     ML Technology  Ventures,  L.P. (the  "Partnership")  is a Delaware  limited
partnership  formed in April 1984. ML R&D Co., L.P., the general  partner of the
Partnership  (the "General  Partner"),  is also a Delaware  limited  partnership
formed  in April  1984,  the  general  partner  of which is  Merrill  Lynch  R&D
Management Inc. (the "Management  Company"),  an indirect  subsidiary of Merrill
Lynch & Co., Inc. DLJ Capital  Management  Corporation (the  "Sub-Manager"),  an
indirect subsidiary of Donaldson, Lufkin & Jenrette, Inc., is the sub-manager of
the Partnership,  pursuant to a sub-management  agreement among the Partnership,
the Management Company, the General Partner and the Sub-Manager.

The  objective  of the  Partnership  has  been to  achieve  cash  flow  from the
commercialization of a broad range of technologies developed and owned by, or on
behalf of, the  Partnership.  The  Partnership  has been engaged in research and
development  ventures for the development of new technology  through  contracts,
joint ventures and participation in other partnerships.

Although the Partnership  Agreement provides that the Partnership will terminate
no later than  January  31,  2005,  the  General  Partner is working  toward the
termination of the Partnership as soon as practical.

2.       Significant Accounting Policies

Valuation of Investments - In accordance with Statement of Financial  Accounting
Standards  ("SFAS")  No.  115,  investments  in  available-for-sale   securities
(publicly  traded  securities)  are  accounted  for at market value based on the
closing  public  market  price on the  valuation  date.  The related  unrealized
appreciation   (depreciation)   of  such   securities   is   included  in  other
comprehensive  income (loss) and reflected as a separate  component of partners'
capital.  Non-publicly  traded securities are accounted for at cost. The cost of
an  investment  is  written  down to its  fair  value  when  the  investment  is
determined to be other than temporarily impaired.

Comprehensive  Income  (Loss) - In  accordance  with  SFAS No.  130,  "Reporting
Comprehensive  Income", the statements of operations include an amount for other
comprehensive  income  (loss).  Other  comprehensive  income (loss)  consists of
revenues,  expenses,  gains and losses that have affected  partners' capital but
which are excluded from net income (loss).  Other comprehensive income (loss) in
the  accompanying  statements  of  operations  resulted  from  a net  unrealized
appreciation  (depreciation)  on investments.  Accumulated  other  comprehensive
income (loss) in the  accompanying  balance  sheets  reflects the cumulative net
unrealized appreciation (depreciation) of investments in equity securities.

Use of Estimates - The  preparation of financial  statements in conformity  with
accounting  principles  generally  accepted  in the  United  States  of  America
requires  management to make estimates and assumptions  that affect the reported
amounts  of assets and  liabilities  and  disclosure  of  contingent  assets and
liabilities as of the date of the financial  statements and the reported amounts
of revenues and expenses  during the  reporting  period.  Actual  results  could
differ from those estimates.


<PAGE>


ML TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS (Unaudited), continued

Investment  Transactions - Investment  transactions  are recorded on the accrual
method. Realized gains and losses on investments sold are computed on a specific
identification basis.

Income Taxes - No provision  for income taxes has been made since all income and
losses are  allocable  to the partners for  inclusion  in their  respective  tax
returns.

Statements  of  Cash  Flows  -  The  Partnership  considers  cash  held  in  its
interest-bearing cash account to be cash equivalents.

3.       Allocation of Partnership Profits and Losses

The  Partnership  Agreement  provides  that  profits  shall be  allocated to all
partners in  proportion  to their  capital  contributions  until there have been
distributions  to the limited  partners  equal to their  capital  contributions,
after which time 90% will be  allocated  to the limited  partners and 10% to the
General  Partner  (90/10 ratio) until there has been  distributed to the limited
partners an aggregate amount,  since the inception of the Partnership,  equal to
twice their capital  contributions  and  thereafter 80% will be allocated to the
limited  partners and 20% to the General Partner (80/20 ratio).  Losses shall be
allocated to all partners in proportion to their capital contributions provided,
however,  that to the extent  profits  have been  credited in the 90/10 or 80/20
ratio,  losses shall be charged in such ratios in reverse order in which profits
were credited.  Cumulative cash distributions paid to partners through September
30,  2000  total  $74,084,899,   representing   approximately  106%  of  capital
contributed to the Partnership.

4.       Related Party Transactions

The  Management  Company is responsible  for the  management and  administrative
services necessary for the operation of the Partnership.  The Management Company
had received a management  fee at an annual rate of 2% of the aggregate  capital
contributions  to the  Partnership for its first four years of operations and 1%
of the aggregate capital  contributions  thereafter,  through December 31, 1995.
Commencing with the management fee due for the quarter ended March 31, 1996, the
General  Partner and the Management  Company agreed to reduce the management fee
payable by the Partnership to $200,000 per annum.  The management fee is payable
quarterly in arrears.

5.       Investments in Equity Securities

As of September  30, 2000 and December 31, 1999,  the  Partnership  held 396,825
common shares of Photon Technology International, Inc., a public company, with a
cost of $1,125,000.  Such securities had a market value of $744,049 and $103,175
as of September 30, 2000 and December 31,1999, respectively.

6.       Interim Financial Statements

In the opinion of the General Partner,  the unaudited financial statements as of
September  30,  2000,  and for the nine month  period  then  ended,  reflect all
adjustments  necessary for the fair  presentation  of the results of the interim
period.



<PAGE>


Item 2.       Management's Discussion and Analysis of Financial Condition and
              Results of Operations.
              ---------------------------------------------------------------

Liquidity and Capital Resources

As of September 30, 2000, the Partnership  held $108,351 in an  interest-bearing
cash account.  The Partnership  earned $588 and $1,643 of interest from its cash
balances for the three and nine months ended  September 30, 2000,  respectively.
Interest  earned in future  periods  is subject to  fluctuations  in  short-term
interest rates and interest bearing cash balances on hand.

As of September 30, 2000, the  Partnership's  current  liabilities  exceeded its
cash balance by approximately $112,000.  Current liabilities as of September 30,
2000 include  $200,000 due to the Management  Company.  It is  anticipated  that
funds needed to cover future operating  expenses primarily will be obtained from
the  Partnership's  existing  cash  reserves and  proceeds  from the sale of its
remaining  assets.  As a result of the current  cash  shortage,  payments to the
Management  Company  have been  temporarily  suspended  with the  consent of the
Management Company.

Although the Partnership  Agreement provides that the Partnership will terminate
no later than  January  31,  2005,  the  General  Partner is working  toward the
liquidation  of  the  Partnership's  remaining  assets  and  termination  of the
Partnership as soon as practical, consistent with the goal of maximizing returns
to partners.  In May 2000, the  Partnership's  royalty agreement with Gen Probe,
Inc.  terminated,  leaving only one remaining active royalty agreement with Bolt
Beranek and Newman,  Inc. The  Partnership  continues to hold its 396,825 common
shares of Photon  Technology  International  Inc. and a promissory note due from
Photon  Technology with a face value of $110,000.  The timing of the liquidation
of these  remaining  assets is  contingent  upon,  among  other  things,  market
conditions and securities  laws  restrictions.  The Sub-Manager is continuing to
pursue the  termination  of the  Partnership  by the end of calendar  year 2000.
However,  no assurances can be given that the  liquidation of the  Partnership's
remaining assets can be completed within such time frame.

As provided in the  Partnership's  prospectus  delivered to limited  partners in
connection with their initial investment in the Partnership, and as disclosed in
subsequent Partnership filings and reports, the Partnership is obligated to pay,
and has paid  accordingly,  an annual  management  fee equal to 2% of  aggregate
capital   contributions   during  the  four  years  subsequent  to  its  closing
($1,397,250  annually) and,  thereafter,  1% of aggregate capital  contributions
($698,624   annually).   In  consideration  of  the   Partnership's   originally
contemplated  objectives,  the  reduction  of assets  under  management  and the
anticipated  termination  of  the  Partnership,  the  General  Partner  and  the
Management  Company,  while not required to do so, reduced the annual management
fee payable by the  Partnership  from $698,624 to $200,000,  commencing with the
management  fee  payment  due for the first  quarter of 1996.  As a result,  the
Partnership  incurred a  management  fee of $150,000  for the nine months  ended
September 30, 2000 and 1999.

Results of Operations

For the three and nine months ended  September 30, 2000, the  Partnership  had a
net loss of $64,801  and  $185,965  respectively,  as  compared to a net loss of
$25,880 and  $112,738 for the three and nine months  ended  September  30, 1999,
respectively. Net income or loss is comprised of 1) net operating income or loss
and 2) net realized gain or loss.

Net Operating Income or Loss - For the three months ended September 30, 2000 and
1999,  the  Partnership  had  a net  operating  loss  of  $64,801  and  $25,880,
respectively.  The $38,921 unfavorable change in net operating loss for the 2000
period compared to the same period in 1999 was the result of a $34,881  decrease
in operating income and a $4,040 increase in operating expenses.  The decline in
operating  income  included  a $29,478  decrease  in royalty  income,  primarily
resulting from the May 2000 expiration of the  Partnership's  royalty  agreement
with Gen-Probe,  Inc.  Additionally,  interest income declined by $5,403 for the
three months ended  September 30, 2000 compared to the same period in 1999.  The
decline in interest income primarily  resulted from the lower cash balances held
by the Partnership  during the three months ended September 30, 2000 compared to
the same period in 1999.  Operating  expenses  for the 2000  period  included an
increase in professional fees primarily due to an increase in outside accounting
fees relating to the review of the Partnership's  quarterly financial report, in
accordance with new requirements of the Securities Exchange Commission.

For the nine months ended September 30, 2000 and 1999, the Partnership had a net
operating loss of $185,965 and $114,383,  respectively.  The $71,582 unfavorable
change in net  operating  loss for the 2000  period  compared to the 1999 period
resulted from a $69,235  decrease in operating  income and a $2,347  increase in
operating expenses.  The decline in operating income included a $51,655 decrease
in royalty income  resulting from the May 2000  expiration of the  Partnership's
royalty agreement with Gen-Probe, Inc., as noted above.  Additionally,  interest
income declined by $17,580 for the nine months ended September 30, 2000 compared
to the same period in 1999, primarily due to the lower cash balances held by the
Partnership during the nine months ended September 30, 2000 compared to the same
period  in 1999.  The  slight  increase  in  operating  expenses  primarily  was
attributable  to a small  increase in  professional  fees  reflecting  increased
accounting fees, as noted above.

Realized Gains and Losses - The  Partnership  realizes gains and losses from the
sale of its joint venture  interests or  proprietary  technology in R&D Ventures
and from the sale of its equity securities.

The  Partnership  had no  realized  gains or losses for the three  months  ended
September 30, 2000 and 1999.

The  Partnership  had no  realized  gains or losses  for the nine  months  ended
September  30,  2000.  For  the  nine  months  ended  September  30,  1999,  the
Partnership  had a net realized gain of $1,645  resulting  from the receipt of a
final liquidating distribution from MLMS Cancer Research Inc.

Other  Comprehensive  Income  (Loss)  - In  accordance  with  the  Statement  of
Financial  Accounting  Standards  ("SFAS")  No.  130,  "Reporting  Comprehensive
Income", the Partnership's other comprehensive income (loss) consists of changes
to  unrealized   appreciation   (depreciation)  of  its  investments  in  equity
securities.  For the  three  months  ended  September  30,  2000 and  1999,  the
Partnership  had  other   comprehensive   (loss)  of  ($49,600)  and  ($62,004),
respectively.  For the nine  months  ended  September  30,  2000 and  1999,  the
Partnership  had other  comprehensive  income (loss) of $640,874 and ($347,223),
respectively.  Such amounts represent the change in the fair market value of the
Partnership's  investment  in  Photon  Technology  International,  Inc.  for the
respective periods.


Item 3.       Quantitative and Qualitative Disclosures about Market Risk.
              ----------------------------------------------------------

The  Partnership  is subject to market risk arising from changes in the value of
its equity  investments,  interest-bearing  cash  equivalents and investments in
U.S.  Government  securities,  if any,  which may result  from  fluctuations  in
interest rates and equity prices. The Partnership has calculated its market risk
related to its holdings of these  investments based on changes in interest rates
and equity prices  utilizing a sensitivity  analysis.  The sensitivity  analysis
estimates the hypothetical  change in fair values, cash flows and earnings based
on an assumed 10% change  (increase or  decrease)  in interest  rates and equity
prices. To perform the sensitivity  analysis,  the assumed 10% change is applied
to market rates and prices on investments  held by the Partnership as of the end
of the accounting period.

The Partnership's 396,825 common shares of Photon Technology International, Inc.
was the only equity  investment  held as of September  30,  2000.  The per share
market price of this  security was $1.875 as of September  30, 2000 and the fair
value of the  Partnership's  holdings was $744,049.  An assumed 10% decline from
the September 30, 2000 market price of this security would result in a reduction
to the fair  value of the  Partnership's  holdings  in Photon  Technology  and a
corresponding unrealized loss of $74,405.

Market risk associated with the Partnership's  interest-bearing cash equivalents
and investments in U.S. Government securities is considered to be immaterial.




<PAGE>


                           PART II - OTHER INFORMATION


Item 1.       Legal Proceedings.
              -----------------

The Partnership is not a party to any legal proceedings.

Item 2.       Changes in Securities and Use of Proceeds.
              -----------------------------------------

Not applicable.

Item 3.       Defaults Upon Senior Securities.
              -------------------------------

Not applicable.

Item 4.       Submission of Matters to a Vote of Security Holders.
              ---------------------------------------------------

Not applicable.

Item 5.       Other Information.
              -----------------

None.



<PAGE>


Item 6.       Exhibits and Reports on Form 8-K.
              --------------------------------

              (a)   Exhibits

                    (4)             (A) Amended  and  Restated  Certificate  and
                                    Agreement  of  Limited  Partnership  of  the
                                    Partnership  dated as of April 23, 1984,  as
                                    amended through February 22, 1985,  included
                                    as  Exhibit  A  to  the  Prospectus  of  the
                                    Partnership dated March 11, 1985.(a)

                          (B)       (i)  Amendment  dated August 20, 1985 to the
                                    Amended   and   Restated   Certificate   and
                                    Agreement  of  Limited  Partnership  of  the
                                    Partnership.(b)

                          (B)       (ii) Amendment  dated August 28, 1985 to the
                                    Amended   and   Restated   Certificate   and
                                    Agreement  of  Limited  Partnership  of  the
                                    Partnership.(c)

                    (10)  (a)       Management  Agreement dated as of May 23,
                                    1991 among the Partnership,  Management
                                    Company and the Managing General Partner.(d)

                    (10)  (b)       Sub-Management  Agreement  dated as of
                                    May 23,1991 among the Partnership,Management
                                    Company, the Managing General Partner and
                                    the Sub-Manager.(d)

                    (10)  (c)       Amendment  dated  March 27,  1996 to the
                                    Management Agreement among the Partnership,
                                    Management Company and the Managing General
                                    Partner.(e)

                    (10)  (d)       Amendment dated March 27, 1996 to the
                                    Sub-Management Agreement among the
                                    Partnership, Management Company,the Managing
                                    General Partner and the Sub-Manager.(e)

                    (27)            Financial Data Schedule.

              (b) No reports on Form 8-K have been filed since the  beginning of
                  the period covered by this report.
                  ------------------------------

(a)      Incorporated  by reference to the  Partnership's  Annual Report on Form
         10-K for the  fiscal  year  ended  December  31,  1984  filed  with the
         Securities and Exchange Commission on August 12, 1985.

(b)      Incorporated by reference to the Partnership's Quarterly Report on Form
         10-Q for the quarter ended September 30, 1985 filed with the Securities
         and Exchange Commission on November 12, 1985.

(c)      Incorporated by reference to the Partnership's Quarterly Report on Form
         10-Q for the quarter ended March 31, 1986 filed with the Securities and
         Exchange Commission on May 14, 1986.

(d)      Incorporated  by reference to the  Partnership's  Annual Report on Form
         10-K for the  fiscal  year  ended  December  31,  1991  filed  with the
         Securities and Exchange Commission on March 30, 1992.

(e)      Incorporated by reference to the Partnership's Quarterly Report on Form
         10-Q for the quarter ended March 31, 1996 filed with the Securities and
         Exchange Commission on May 14, 1996.


<PAGE>


                                   SIGNATURES



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



              ML TECHNOLOGY VENTURES, L.P.


By:           ML R&D Co., L.P.
              its General Partner

By:           Merrill Lynch R&D Management Inc.
              its General Partner


By:           /s/     Kevin K. Albert
              ----------------------------------------------------
              Kevin K. Albert
              President
              (Principal Executive Officer)


By:           /s/     James V. Bruno
              ----------------------------------------------------
              James V. Bruno
              Vice President and Treasurer
              (Principal Financial and Accounting Officer)


By:           /s/     Diane T. Herte
              ----------------------------------------------------
              Diane T. Herte
              Vice President



Date:         November 14, 2000