<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
MARCH 31, 1998 AND IS QUALIFIED  IN ITS ENTIRETY BY REFERENCE TO SUCH  FINANCIAL
STATEMENTS.
</LEGEND>
       
<S>                                                                          <C>
<PERIOD-TYPE>                                                              3-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1998
<PERIOD-START>                                                        JAN-1-1998
<PERIOD-END>                                                         MAR-31-1998
<CASH>                                                                   209,191
<SECURITIES>                                                           1,700,734
<RECEIVABLES>                                                             34,914
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                               0
<PP&E>                                                                         0
<DEPRECIATION>                                                                 0
<TOTAL-ASSETS>                                                         1,944,839
<CURRENT-LIABILITIES>                                                     70,933
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                       0
<OTHER-SE>                                                             1,873,906
<TOTAL-LIABILITY-AND-EQUITY>                                           1,944,839
<SALES>                                                                        0
<TOTAL-REVENUES>                                                          43,627
<CGS>                                                                          0
<TOTAL-COSTS>                                                                  0
<OTHER-EXPENSES>                                                          83,725
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                             0
<INCOME-PRETAX>                                                                0
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                            0
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                            (40,098)
<EPS-PRIMARY>                                                             (0.52)
<EPS-DILUTED>                                                             (0.52)
        




</TABLE>