<TABLE> <S> <C>


<ARTICLE>                                                                      6
<LEGEND>
THIS SCHEDULE  CONTAINS  SUMMARY  FINANCIAL  INFORMATION  EXTRACTED  FROM ML 
OKLAHOMA  VENTURE  PARTNERS,  LIMITED  PARTNERSHIP'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
<INVESTMENTS-AT-COST>                                                  3,055,356
<INVESTMENTS-AT-VALUE>                                                 5,356,431
<RECEIVABLES>                                                             20,706
<ASSETS-OTHER>                                                                 0
<OTHER-ITEMS-ASSETS>                                                   1,433,335
<TOTAL-ASSETS>                                                         6,810,472
<PAYABLE-FOR-SECURITIES>                                                       0
<SENIOR-LONG-TERM-DEBT>                                                        0
<OTHER-ITEMS-LIABILITIES>                                              1,076,820
<TOTAL-LIABILITIES>                                                    1,076,820
<SENIOR-EQUITY>                                                                0
<PAID-IN-CAPITAL-COMMON>                                                       0
<SHARES-COMMON-STOCK>                                                     10,248
<SHARES-COMMON-PRIOR>                                                     10,248
<ACCUMULATED-NII-CURRENT>                                                      0
<OVERDISTRIBUTION-NII>                                                         0
<ACCUMULATED-NET-GAINS>                                                        0
<OVERDISTRIBUTION-GAINS>                                                       0
<ACCUM-APPREC-OR-DEPREC>                                               2,301,075
<NET-ASSETS>                                                           5,733,652
<DIVIDEND-INCOME>                                                              0
<INTEREST-INCOME>                                                         44,184
<OTHER-INCOME>                                                                 0
<EXPENSES-NET>                                                           273,734
<NET-INVESTMENT-INCOME>                                                (229,550)
<REALIZED-GAINS-CURRENT>                                                (33,104)
<APPREC-INCREASE-CURRENT>                                              (723,493)
<NET-CHANGE-FROM-OPS>                                                  (986,147)
<EQUALIZATION>                                                                 0
<DISTRIBUTIONS-OF-INCOME>                                                      0
<DISTRIBUTIONS-OF-GAINS>                                                       0
<DISTRIBUTIONS-OTHER>                                                    880,222
<NUMBER-OF-SHARES-SOLD>                                                        0
<NUMBER-OF-SHARES-REDEEMED>                                                    0
<SHARES-REINVESTED>                                                            0
<NET-CHANGE-IN-ASSETS>                                               (1,866,369)
<ACCUMULATED-NII-PRIOR>                                                        0
<ACCUMULATED-GAINS-PRIOR>                                                      0
<OVERDISTRIB-NII-PRIOR>                                                        0
<OVERDIST-NET-GAINS-PRIOR>                                                     0
<GROSS-ADVISORY-FEES>                                                          0
<INTEREST-EXPENSE>                                                             0
<GROSS-EXPENSE>                                                                0
<AVERAGE-NET-ASSETS>                                                   6,666,837
<PER-SHARE-NAV-BEGIN>                                                        734
<PER-SHARE-NII>                                                             (22)
<PER-SHARE-GAIN-APPREC>                                                     (73)
<PER-SHARE-DIVIDEND>                                                           0
<PER-SHARE-DISTRIBUTIONS>                                                   (85)
<RETURNS-OF-CAPITAL>                                                           0
<PER-SHARE-NAV-END>                                                          554
<EXPENSE-RATIO>                                                                0
<AVG-DEBT-OUTSTANDING>                                                         0
<AVG-DEBT-PER-SHARE>                                                           0
        


</TABLE>