<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  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
<INVESTMENTS-AT-COST>                                                  4,435,099
<INVESTMENTS-AT-VALUE>                                                 7,694,667
<RECEIVABLES>                                                             11,581
<ASSETS-OTHER>                                                                 0
<OTHER-ITEMS-ASSETS>                                                     101,905
<TOTAL-ASSETS>                                                         7,808,153
<PAYABLE-FOR-SECURITIES>                                                       0
<SENIOR-LONG-TERM-DEBT>                                                        0
<OTHER-ITEMS-LIABILITIES>                                                111,730
<TOTAL-LIABILITIES>                                                      111,730
<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>                                               3,259,568
<NET-ASSETS>                                                           7,696,423
<DIVIDEND-INCOME>                                                              0
<INTEREST-INCOME>                                                         19,392
<OTHER-INCOME>                                                                 0
<EXPENSES-NET>                                                            79,268
<NET-INVESTMENT-INCOME>                                                 (59,876)
<REALIZED-GAINS-CURRENT>                                                (78,722)
<APPREC-INCREASE-CURRENT>                                                235,000
<NET-CHANGE-FROM-OPS>                                                     96,402
<EQUALIZATION>                                                                 0
<DISTRIBUTIONS-OF-INCOME>                                                      0
<DISTRIBUTIONS-OF-GAINS>                                                       0
<DISTRIBUTIONS-OTHER>                                                          0
<NUMBER-OF-SHARES-SOLD>                                                        0
<NUMBER-OF-SHARES-REDEEMED>                                                    0
<SHARES-REINVESTED>                                                            0
<NET-CHANGE-IN-ASSETS>                                                    96,402
<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>                                                   7,648,222
<PER-SHARE-NAV-BEGIN>                                                        734
<PER-SHARE-NII>                                                              (6)
<PER-SHARE-GAIN-APPREC>                                                       23
<PER-SHARE-DIVIDEND>                                                           0
<PER-SHARE-DISTRIBUTIONS>                                                      0
<RETURNS-OF-CAPITAL>                                                           0
<PER-SHARE-NAV-END>                                                          743
<EXPENSE-RATIO>                                                                0
<AVG-DEBT-OUTSTANDING>                                                         0
<AVG-DEBT-PER-SHARE>                                                           0
        

</TABLE>