<PAGE>
                       UNITED STATES
             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549

                         FORM 10-K


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

        For the Fiscal Year Ended:  December 31, 1997
                             or
  [ ]   Transition Report Pursuant to Section 13 or 15(d)
           of the Securities Exchange Act of 1934

              Commission File Number:  33-50388

          THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.
   (Exact name of registrant as specified in its charter)

       Delaware                              06-1346-879
(State or other jurisdiction            (I.R.S. Employer
of incorporation or organization)        Identification No.)

            c/o MILLBURN RIDGEFIELD CORPORATION
                   411 West Putnam Avenue
               Greenwich, Connecticut  06830
          (Address of principal executive offices)

Registrant's telephone number, including area code: (203) 625-7554

Securities registered pursuant      None
to Section 12(b) of the Act:

Securities registered pursuant      Limited Partnership Units
to Section 12(g) of the Act:            (Title of Class)

Indicate by check mark whether the registrant (1) 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    [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulations S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.  [X]

Aggregate market value of the voting and non-voting common equity held by
non-affiliates:  $17,854,703

            Documents Incorporated by Reference
                           None.
<PAGE>

                     TABLE OF CONTENTS


                                                                      Page
                          PART I

Item 1.     Business ................................................  1
Item 2.     Properties ..............................................  3
Item 3.     Legal Proceedings .......................................  3
Item 4.     Submission of Matters to a Vote of Security Holders .....  3


                          PART II

Item 5.     Market for the Registrant's Common Equity and
               Related Stockholder Matters ..........................  3
Item 6.     Selected Financial Data .................................  3
Item 7.     Management's Discussion and Analysis of Financial
               Condition and Results of Operations ..................  5
Item 7A.    Quantitative and Qualitative Disclosures About Market
               Risk .................................................  9
Item 8.     Financial Statements and Supplementary Data .............  9
Item 9.     Changes in and Disagreements with Accountants on
               Accounting and Financial Disclosure ..................  9


                         PART III

Item 10.     Directors and Executive Officers of the Registrant ..... 10
Item 11.     Executive Compensation ................................. 12
Item 12.     Security Ownership of Certain Beneficial Owners and
                Management .......................................... 12
Item 13.     Certain Relationships and Related Transactions ......... 13


                          PART IV

Item 14.     Exhibits, Financial Statement Schedules and
                Reports on Form 8-K ................................. 13

<PAGE>
                          PART I

Item 1.   Business

     (a)  General development of business

     The Millburn Global Opportunity Fund L.P. (the "Partnership") is a
limited partnership organized July 9, 1992 pursuant to a Limited Partnership
Agreement (the "Limited Partnership Agreement"), under the Delaware Revised
Uniform Limited Partnership Act.  Between October 30, 1992 and December 31,
1992 (the "Initial Offering"), units of limited partnership interest in the
Partnership (the "Units") were publicly offered.  The proceeds of the Initial
Offering and interest thereon were held in escrow until January 7, 1993 at
which time an aggregate of $11,420,054 (11,420.054 Units) was turned over to
the Partnership and the Partnership commenced operations.  Units continued to
be offered until May 30, 1993.  The offering was registered under the
Securities Act of 1933, as amended.  Smith Barney, Harris Upham & Co.
Incorporated acted as selling agent on a best efforts basis.  A total of
11,420.054 Units were sold to the public during the initial public offering,
and an additional 28,881.766 Units were subsequently sold to the public.

     The Partnership engages in speculative trading in futures, forward
contracts and related options, primarily in the currency and financial
instrument markets.

     Millburn Ridgefield Corporation (the "General Partner"), a Delaware
corporation, is the general partner and the commodity trading advisor for the
Partnership.  The General Partner invested $125,000 in the Partnership at the
outset of trading and subsequently contributed an additional $316,183.  After
reflecting net income of $183,028 in 1997; net income of $128,677 in 1996, net
income of  $179,937 in 1995, a net loss of $2,417 in 1994 and net income of
$55,006 and deductions for organization and offering costs of $5,613 in 1993,
this investment totaled $979,861, $796,833, $668,156, $488,219 and $490,636 as
of December 31, 1997, 1996, 1995, 1994 and 1993, respectively.

     Smith Barney, Inc., Morgan Stanley & Co. Incorporated, and AIG Trading
Corp. (the "Currency Dealers") act as the primary currency dealers and futures
brokers for the Partnership.  The Partnership also executes currency and
forward trades with other currency dealers and futures brokers, when their
prices are advantageous to the Partnership.  The Partnership pays the currency
dealers "bid asked" spreads on its forward trades, as such spreads are
incorporated into the pricing of forward contracts.  The General Partner
monitors the Partnership's trades to ensure that the prices it receives are
competitive.

     (b)  Financial information about industry segments

     The Partnership's business constitutes only one segment, speculative
trading of currency futures, forward contracts and related options.  The
Partnership does not engage in sales of goods and services.

     (c)  Narrative description of business

     The Partnership engages in the speculative trading of currency futures,
forward contracts and related options.  The Partnership's sole trading advisor
is the General Partner.  The General Partner trades the Partnership's assets
<PAGE>

primarily in currency markets, trading primarily forward contracts in the
interbank market.  Pursuant to the Limited Partnership Agreement, the General
Partner receives a flat-rate monthly brokerage fee equal to 0.6875 of 1% of
the Net Assets (an 8.25% annual rate), which is reduced to 0.52 of 1% of Net
Assets (a 6.25% annual rate) for Units issued to Limited Partners who invest
$1,000,000 or more in the Partnership.  The General Partner also receives a
profit share equal to 17.5% of any new trading profit, determined as of the
end of each calendar quarter.  The quarterly profit share is calculated after
deducting interest income and brokerage fees.

     The Partnership's assets not deposited as margin will be maintained,
unless applicable foreign regulations require otherwise, only in instruments
authorized by the CFTC for the investment of "customer segregated funds."

     Regulation

     Under the Commodity Exchange Act, as amended (the "CEA"), commodity
exchanges and futures trading are subject to regulation by the Commodity
Futures Trading Commission (the "CFTC").  National Futures Association
("NFA"), a "registered futures association" under the CEA, is the only
non-exchange self-regulatory organization for futures industry professionals.
The CFTC has delegated to NFA responsibility for the registration of
"commodity trading advisors," "commodity pool operators," "futures commission
merchants," "introducing brokers" and their respective associated persons and
"floor brokers" and "floor traders."  The CEA requires commodity pool
operators and commodity trading advisors, such as the General Partner, and
commodity brokers or futures commission merchants, such as the Currency
Dealers and the General Partner, to be registered and to comply with various
reporting and record keeping requirements.  The CFTC may suspend a commodity
pool operator's or trading advisor's registration if it finds that its trading
practices tend to disrupt orderly market conditions or in certain other
situations.  In the event that the registration of the General Partner as a
commodity pool operator or a commodity trading advisor were terminated or
suspended, the General Partner would be unable to continue to manage the
business of the Partnership.  Should the General Partner's registration be
suspended, termination of the Partnership might result.

     As members of NFA, the General Partner and the Currency Dealers are
subject to NFA standards relating to fair trade practices, financial condition
and customer protection.  As the self-regulatory body of the futures industry,
NFA promulgates rules governing the conduct of futures industry professionals
and disciplines those professionals which do not comply with such standards.

     In addition to such registration requirements, the CFTC and certain
commodity exchanges have established limits on the maximum net long or net
short position which any person may hold or control in particular
commodities.  The CFTC has adopted a rule requiring all domestic commodity
exchanges to submit for approval speculative position limits for all futures
contracts traded on such exchanges.  Most exchanges also limit the changes in
futures contract prices that may occur during a single trading day.  The
Partnership, however, primarily trades currency forward contracts which are
not subject to regulation by any United States Government agency.
<PAGE>

     (i)  through (xii) - not applicable.

     (xiii)  the Partnership has no employees.

(d)  Financial information about foreign and
           domestic operations and export sales

     The Partnership does not engage in material operations in foreign
countries (although it does trade in foreign currency forward contracts), nor
is a material portion of its revenues derived from foreign customers.

Item 2.   Properties

     The Partnership does not own or use any physical properties in the
conduct of their business.  The General Partner or an affiliate perform all
administrative services for the Partnership from their offices.

Item 3.   Legal Proceedings

     The General Partner is not aware of any pending legal proceedings to
which either the Partnership is a party or to which any of their assets are
subject.  In addition there are no pending material legal proceedings
involving the General Partner.

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

     None.


                          PART II

Item 5.   Market for the Registrant's Common Equity and
           Related Stockholder Matters

     (a)  Market Information.   There is no trading market for the Units, and
none is likely to develop.  Units may be redeemed upon 10 days' written notice
at their net asset value as of the last day of any month.  In the event that
all Units for which redemption is requested cannot be redeemed as of any
redemption date, Units will be redeemed in the order that requests for
redemption have been received by the General Partner.

     (b)  Holders.   As of December 31, 1997, there were 980 holders of Units.

     (c)  Dividends.   No distributions or dividends have been made on the
Units, and the General Partner has no present intention to make any.

     (d)  Recent Sales of Unregistered Securities;
           Use of Proceeds from Registered Securities.   Not applicable.

Item 6.   Selected Financial Data

     The following is a summary of operations for fiscal year 1997, 1996,
1995, 1994 and 1993 and total assets of the Partnership at December 31, 1997,
1996, 1995, 1994 and 1993.  The Partnership commenced trading operations on
January 7, 1993.
<PAGE>

<TABLE>
<CAPTION>
                                 For the Year      For the Year      For the Year      For the Year      For the Year
                                Ended 12/31/97    Ended 12/31/96    Ended 12/31/95    Ended 12/31/94    Ended 12/31/93
                               ----------------  ----------------  ----------------  ----------------  ----------------
<S>                             <C>               <C>               <C>               <C>               <C>
Revenue:
  Net realized and unrealized
  trading gain (loss), net of
  brokerage commissions of
  $1,566,165, $1,699,690,
  $2,123,253, $2,661,651 and
  $2,781,660 in 1997, 1996,
  1995, 1994 and 1993,
  respectively                       1,696,449         1,072,015         4,710,329        (4,284,368)        1,199,877

  Interest Income                    1,066,041         1,041,439         1,526,442         1,173,269         1,103,670
                               ----------------  ----------------  ----------------  ----------------  ----------------
                                $    2,762,490    $    2,113,454    $    6,236,771    $   (3,111,099)   $    2,303,547
                               ----------------  ----------------  ----------------  ----------------  ----------------

Foreign exchange gain (loss)           (12,137)          (69,231)           70,217           209,552           (68,558)
                               ----------------  ----------------  ----------------  ----------------  ----------------
Total income (loss)             $    2,750,353    $    2,044,223    $    6,306,988    $   (2,901,547)   $    2,234,989
                               ----------------  ----------------  ----------------  ----------------  ----------------

Expenses:
  Profit share                         336,456            77,846           450,987               161           183,503
  Administrative expenses               98,335           110,646           108,295           163,662           120,959
                               ----------------  ----------------  ----------------  ----------------  ----------------
Total expenses                  $      434,791    $      188,492    $      559,282    $      163,823    $      304,462
                               ----------------  ----------------  ----------------  ----------------  ----------------

Net income (loss)               $    2,315,562    $    1,855,731    $    5,747,706    $   (3,065,370)   $    1,930,527
                               ================  ================  ================  ================  ================


Total assets                    $   19,008,327    $   20,512,740    $   24,031,331    $   25,949,603    $   42,550,846
Total limited partners' capital $   17,586,032    $   19,148,852    $   22,575,405    $   24,474,595    $   41,063,430

Net asset value per Unit        $     1,463.50    $     1,312.41    $     1,199.40    $       967.24    $     1,055.92
Redemption value per Unit       $     1,463.50    $     1,312.41    $     1,199.40    $       967.24    $     1,062.81

Increase (decrease) in net
  asset value per Unit          $       151.09    $       113.01    $       232.16    $       (88.68)   $        55.92
Increase (decrease) in
  redemption value per Unit     $       151.09    $       113.01    $       232.16    $       (95.57)   $        62.81
</TABLE>

<PAGE>

Item 7.   Management's Discussion and Analysis of Financial
           Condition and Results of Operations

     Reference is made to "Item 6.  Selected Financial Data" and "Item 8.
Financial Statements and Supplementary Data."  The information contained
therein is essential to, and should be read in conjunction with, the following
analysis.

     Capital Resources

     The Partnership does not intend to raise any additional capital through
borrowing and, because it is a closed-end fund, it cannot sell any more Units
unless it undertakes a new public offering, which would require another
registration with the Securities and Exchange Commission.  Due to the nature
of the Partnership's business, it will make no significant capital
expenditures, and substantially all its assets are and will be represented by
cash equivalents or deposits in money market funds, United States Treasury
securities, and investments in futures, forward contracts and related options.

     The Partnership trades futures, options and forward contracts primarily
on currencies and secondarily on financial instruments.  Risk arises from
changes in the value of these contracts (market risk) and the potential
inability of counterparties or brokers to perform under the terms of their
contracts (credit risk).  Market risk is generally measured by the face amount
of the positions acquired and the volatility of the markets traded.  The
credit risk from counterparty non-performance associated with these
instruments is the net unrealized gain, if any, on these positions.  The risks
associated with exchange-traded contracts are generally perceived to be less
than those associated with over-the-counter transactions, because exchanges
typically (but not universally) provide clearinghouse arrangements in which
the collective credit (in some cases limited in amount, in some cases not) of
the members of the exchange is pledged to support the financial integrity of
the exchange.  In over-the-counter transactions, on the other hand, traders
must rely solely on the credit of their respective individual counterparties.
Margins which may be subject to loss in the event of a default, are generally
required in exchange trading, and counterparties may require margin in the
over-the-counter markets.

     The General Partner has procedures in place to control market risk,
although there can be no assurance that they will, in fact, succeed in doing
so.  These procedures primarily focus on   (1) limiting trading to markets
which The General Partner believes are sufficiently liquid in respect of the
amount of trading contemplated; (2) diversifying positions among various
currencies and financial instruments; (3) limiting the assets committed as
margin, generally within a range of 15% to 30% of an account's Net Assets at
exchange minimum margins, (including imputed margins on forward positions)
although the amount committed to margin at any time may be substantially
higher; (4) prohibiting pyramiding (that is, using unrealized profits in a
particular market as margin for additional positions in the same market); and
(5) changing the equity utilized for trading by an account solely on a
controlled periodic basis rather than as an automatic consequence of an
increase in equity resulting from trading profits.  The Partnership controls
credit risk by dealing exclusively with large, well capitalized financial
institutions as brokers and counterparties.
<PAGE>

     The Partnership is generally required to deposit approximately 5% of the
notional value of it forward contract positions with the Currency Dealers as
collateral.  At any time, and from time to time, the Partnership may have open
positions with Smith Barney, Inc. with a total notional value of as much as
three times the capitalization of the Partnership and collateral deposits of
up to approximately 15% of the capital of the Partnership.

     The Partnership's futures contracts are settled by offset and are cleared
by the exchange clearinghouse function.  Options on futures contracts are
settled either by offset or by exercise.  If an option on a future is
exercised, the Partnership is assigned a position in the underlying future
which is then settled by offset.  The Partnership's spot and forward currency
transactions conducted in the interbank market are settled by netting
offsetting positions held with the same counterparty; net positions are then
settled by entering into offsetting positions and by cash payments.

     Liquidity

     The Partnership's assets are either held in cash or are invested by the
General Partner in United States Treasury bills or "customer segregated funds
accounts."  To the extent deposited as margin with currency dealers or futures
brokers, the Partnership's assets are subject to the General Partner's ability
to close out its currency futures or forward contracts positions.  During its
operations through December 31, 1997, the Partnership experienced no
meaningful periods of illiquidify in any of the markets traded by the
Partnership.

     Most of the Partnership's positions are in currency forward contracts.
Forward contracts are not traded on a commodity exchange.  The Partnership
could be prevented from promptly liquidating unfavorable positions, thereby
subjecting the Partnership to substantial losses which could exceed the margin
initially committed to such trades.  In addition, the Partnership may not be
able to execute forward contract trades at favorable prices if little trading
in the contracts it holds is taking place.  Other than these limitations on
liquidity, which are inherent in the Partnership's currency trading
operations, the Partnership's assets are highly liquid and are expected to
remain so.  Generally, forward contracts can be offset at the discretion of
the General Partner.  However, if the market is not liquid, it could prevent
the timely closeout of an unfavorable position until the delivery date,
regardless of the changes in their value or the General Partner's investment
strategies.

     Results of Operations

     Operating results show a profit for the fiscal years ended December 31,
1997, 1996 and 1995, a loss for the fiscal year ended December 31, 1994 and a
profit for the fiscal year ended December 31, 1993.
<PAGE>

     Total Partnership capital as of December 31, 1997, 1996, 1995, 1994 and
1993 equaled $18,565,893, $19,945,685, $23,243,561, $24,962,814 and
$41,554,066, respectively.  The net asset value per Unit as of December 31,
1997 was $1463.50, an increase in value for fiscal year 1997 of 11.5%; the net
asset value per Unit as of December 31, 1996 was $1,312.41, an increase in
value for fiscal year 1996 of 9.4%; the net asset value per Unit as of
December 31, 1995 was $1,199.40, an increase in value for fiscal year 1995 of
24.0%; the net asset value per Unit as of December 31, 1994 was $967.24, a
decrease in value for fiscal year 1994 of 8.4%; the net asset value per Unit
as of December 31, 1993 was $1,055.92, an increase in value for fiscal year
1993 of 5.6%.

     Over half of the Partnership's profits in fiscal year 1997 resulted from
its currency and financial instrument trading.  Such trading showed a profit
as gross trading gains of $3,262,614 overcame brokerage commissions of
$1,566,165 for a net trading gain of $1,696,449.  The Partnership also accrued
or earned interest income of $1,066,041 and lost $12,137 on foreign exchange.
Over half of the Partnership's profits in fiscal year 1996 resulted from its
currency and financial instrument trading.  Such trading showed a profit as
gross trading gains of $2,771,705 exceeded brokerage fees of $1,699,690 for a
net trading gain of $1,072,015.  The Partnership also accrued or earned
interest income of $1,041,439 and lost $69,231 on foreign exchange.   A
substantial majority of the Partnership's profits in fiscal year 1995 resulted
from its currency and financial instrument trading.  Such trading showed a
profit as gross trading gains of $6,833,582 exceeded brokerage fees of
$2,123,253 for a net trading gain of $4,710,329.  The Partnership also accrued
or earned interest income of $1,526,442 and gained $70,217 on foreign
exchange.  The Partnership's losses in 1994 resulted from its currency and
financial instrument trading.  Gross trading losses of $1,622,717 combined
with brokerage fees of $2,661,651 for a net trading loss of $4,284,368.  These
losses were partially offset by interest income of $1,173,269 and foreign
exchange gain of $209,552.  A majority of the Partnership's profits in fiscal
year 1993 resulted from the Partnership's currency and financial instrument
trading.  Such trading showed a profit as gross trading gains of $3,981,537
exceeded brokerage fees of $2,781,660 for a net trading gain of $1,199,877.
The Partnership also accrued or earned interest income of $1,103,670, and
incurred a foreign exchange loss of $68,558.

     During Fiscal Year 1997, the Partnership traded profitably.  In the first
two months, gains in currency trading countered losses from interest rate
positions, yielding overall gains in the portfolio.  In March and April, there
were losses in all sectors (metals, stock indices, interest rates, and
currencies).  Overall gains during the May-June period occurred as profits in
stock index and interest rate trading more than offset losses in metals and
currency trading.  During the third quarter, markets were extremely volatile,
but on balance the portfolio produced gains.  Profits on interest rate and
currency trading offset losses in stock index and metals markets for an overall
third quarter gain.  In the October-December quarter, on the other hand, gains
on stock index and metal trading were profitable, but were offset by losses
in currency and interest rate trading.
<PAGE>

     During Fiscal Year 1996, the Partnership traded profitably.  January
produced gains in all sectors, with significant advances in currency trading
resulting from the strengthening of the dollar.  Most of the January gain was
lost in February due to trend reversals and increased volatility.  Losses were
registered in 33 of the 41 markets traded in the fund.  Losing performance in
this many markets at the same time is a very unusual event.  Small losses in
the currency, cross currency, interest rate, stock index and metals sectors
resulted in a down month in March.  April was profitable due to gains in the
currency sector, resulting from a strong dollar versus European currencies.
In May, losses in the interest rate and stock index sectors outweighed gains
in the currency and metal sectors.  June and July reported modest profits
resulting from small gains in the currency and metals sectors which were
offset by losses in the stock index markets.  In August, gains in the interest
rate sector due to falling rates in Japan and Australia could not offset
losses in the currency and stock index sectors.  The following four months,
September through December, produced profits in each month due to the
continued drop in international interest rates and continued trends in the
currency markets.

     During fiscal year 1995, the Partnership traded profitably.  Interest
rate futures and currency trading were profitable and stock index futures
trading marginally so.  Trading in the yen/U.S. dollar exchange rate was
profitable, and profits were also made trading the dollar against a number of
European currencies, especially the German mark.  Cross rate trading was
positive in 1995.  The mark/lire, mark/yen and yen/Canadian dollar currency
prices contributed to gains in this area.  Trading in the British pound,
Spanish peseta and ECU produced negative results.  Metals trading produced
slightly negative results.  During the first quarter, gains were made in both
short dollar positions and long interest rate positions.  In the second
quarter, long interest rate positions profits more than offset losses produced
by long dollar positions as the dollar turned downward.  During the second
half of 1995, no appreciable profits or losses were produced overall as losses
in certain market sectors were countered by gains elsewhere.

     During fiscal 1994, the Partnership incurred losses at the outset of the
year in the interest rate sector as rates increased and in currency trading as
the uptrend in the U.S. Dollar reversed.  Trading on increasing interest rates
and a declining U.S. Dollar led to profits for the Partnership in subsequent
months, as did trades in the stock index futures markets.  The beginning of
the second quarter saw the Partnership suffer smaller losses on a reversal of
the U.S. Dollar's decline which was swiftly followed by another downturn in
that currency, in addition to unprofitable trades in gold.  The Partnership
showed mid-year gains in the currency, cross-rate and interest rate markets.
Such gains were followed by losses in the same markets at the outset of the
third quarter due in part to a rally in the U.S. Dollar and declining interest
rates; some gains were won back at the end of the third quarter as the
Partnership traded profitably in the currency markets on the U.S. Dollar's
continued decline and in the interest rate and stock index futures markets.
The Partnership achieved small gains and losses in the fourth quarter.
<PAGE>

     During fiscal 1993, the Partnership suffered small losses in its initial
month of trading resulting from a rally of foreign currencies against the U.S.
dollar.  Strong trading gains due primarily to declining worldwide interest
rates and a strong Japanese Yen were partially offset by later losses on
retracements in the interest rate sector.  Non-dollar cross rate trading was
generally profitable as were precious metal positions.  A mid-year reversal of
the uptrends in the U.S. dollar against European currencies and gold prices
resulted in losses for the Partnership.  Consistent profits in the interest
rate sector and stock index futures were realized in the final four months of
the year, while late-year currency trading versus the U.S. dollar contributed
to the overall profitability of the Partnership.

     Inflation is not a significant factor in the Partnership's profitability,
except to the extent the inflation may affect forward contract prices.

     The Year 2000 Computer Issue

     Many computer applications currently in use were designed and developed
using two digits to identify the year.  These programs were implemented without
considering the impact of the change in the century.  Consequently, these
computer applications could fail or create erroneous results if not corrected.

     The General Partner is currently in the process of ensuring that its
computer systems are Year 2000 compliant and anticipates Year 2000 compliance
by early 1999.  The cost of addressing the Year 2000 issue will be borne by
the General Partner, not the Partnership, and is expected to have no material
impact on the General Partner's ability to conduct its affairs or those of the
Partnership.  However, failure of exchanges, clearing organizations, banks,
brokers, regulators or other third parties to resolve their own processing
issues could result in a material financial risk.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk

     Not applicable.

Item 8.   Financial Statements and Supplementary Data

     Financial statements required by this item are included as Exhibit 13.01
to this report.

     The supplementary financial information specified by Item 302 of
Regulation S-K is not applicable.

Item 9.   Changes in and Disagreements with Accountants
           on Accounting and Financial Disclosure

     There were no changes in or disagreements with accountants on accounting
and financial disclosure.
<PAGE>

                         PART III

Item 10.  Directors and Executive Officers of the Registrant

     The Partnership has no directors or executive officers.  The Partnership
is controlled and managed by the General Partner. There are no "significant
employees" of the Partnership.

     Millburn Ridgefield Corporation, the General Partner, is a Delaware
corporation organized in May 1982 to manage discretionary accounts in futures
and forward markets.  It is the corporate successor to a futures trading and
advisory organization which has been continuously managing assets in the
currency and futures markets using quantitative, systematic techniques since
1971.

     The principals and senior officers of Millburn Ridgefield Corporation as
of December 31, 1996 are as follows:

     Harvey Beker, age 44.   Mr. Beker is President, Co-Chief Executive
Officer and a Director of Millburn Ridgefield and The Millburn Corporation,
and a partner of ShareInVest Research L.P.  He received a Bachelor of Arts
degree in economics from New York University in 1974 and a Master of Business
Administration degree in finance from NYU in 1975.  From June 1975 to July
1977, Mr. Beker was employed by Loeb Rhoades, Inc. where he developed and
traded silver arbitrage strategies.  From July 1977 to June 1978, Mr. Beker
was a futures trader at Clayton Brokerage Co. of St. Louis.  Mr. Beker has
been employed by The Millburn Corporation since June 1978.  During his tenure
at Millburn, he has been instrumental in the development of the research,
trading and operations areas.  Mr. Beker became a principal of the firm in
1982.

     George E. Crapple, age 53.   Mr. Crapple is Co-Chief Executive Officer,
Vice-Chairman and a Director of Millburn Ridgefield, Vice-Chairman and a
Director of The Millburn Corporation and a partner of ShareInVest Research
L.P.  In 1966 he graduated with honors from the University of Wisconsin where
his field of concentration was economics and he was elected to Phi Beta
Kappa.  In 1969 he graduated from Harvard Law School, magna cum laude, where
he was a member of the Harvard Law Review.  He was a lawyer with Sidley &
Austin, Chicago, Illinois, from 1969 until April 1, 1983, as a partner since
1975, specializing in commodities, securities, corporate and tax law.  He was
first associated with Millburn Ridgefield in 1976 and joined Millburn
Ridgefield Corporation on April 1, 1983 on a full-time basis.  Mr. Crapple is
a member of the Board of Directors and a former Chairman of the Eastern
Regional Business Conduct Committee of the NFA, Vice-Chairman of the Board of
Directors, member of the Executive Committee of the Managed Funds Association,
a member of the Financial Products Advisory Committee of the CFTC and a former
member of the Board of Directors and Nominating Committee of the Futures
Industry Association.
<PAGE>

     Mark B. Fitzsimmons, age 50.   Mr. Fitzsimmons is a Senior Vice-President
of Millburn Ridgefield and The Millburn Corporation and a partner of
ShareInVest Research L.P.  His responsibilities include both marketing and
investment strategy.  He graduated summa cum laude from the University of
Bridgeport, Connecticut in 1970 with a B.S. in economics.  His graduate work
was done at the University of Virginia, where he received a certificate of
candidacy for a Ph.D. in economics in 1973.  He joined Millburn Ridgefield in
January 1990 from Morgan Stanley & Co. Incorporated where he was a Principal
and Manager of institutional foreign exchange sales and was involved in
strategic trading for the firm.  From 1977 to 1987 he was with Chemical Bank
New York Corporation, first as a Senior Economist in Chemical's Foreign
Exchange Advisory Service and later as a Vice-President and Manager of
Chemical's Corporate Trading Group.  While at Chemical he also traded both
foreign exchange and fixed income products.  From 1973 to 1977 Mr. Fitzsimmons
was employed by the Federal Reserve Bank of New York, dividing his time between
the International Research Department and the Foreign Exchange Department.

     Barry Goodman, age 40.   Mr. Goodman is Senior Vice-President, Director
of Trading and Co-Director of Research of Millburn Ridgefield and The Millburn
Corporation and a partner of ShareInVest Research L.P.  His responsibilities
include overseeing the firm's trading operation and managing its trading
relationships, as well as the design and implementation of trading systems.
He graduated magna cum laude from Harpur College of the State University of
New York in 1979 with a B.A. in economics.  From 1980 through late 1982 he was
a commodity trader for E. F. Hutton & Co., Inc.  At Hutton he also designed
and maintained various technical indicators and coordinated research projects
pertaining to the futures markets.  He joined Millburn Ridgefield in 1982 as
Assistant Director of Trading.

     Dennis B. Newton, age 46.  Mr. Newton is a Senior Vice-President of
Millburn Ridgefield.  His primary responsibilities are in administration and
marketing.  Prior to joining Millburn Ridgefield in September 1991, Mr. Newton
was President of Phoenix Asset Management, Inc., a registered commodity pool
operator from April 1990 to August 1991.  Prior to his employment with
Phoenix, Mr. Newton was a Director of Managed Futures with Prudential-Bache
Securities Inc. from September 1987 to March 1990.  Mr. Newton joined
Prudential-Bache from Heinold Asset Management, Inc. where he was a member of
the senior management team.  Heinold was a pioneer and one of the largest
sponsors of funds utilizing futures and currency forward trading.

     Grant N. Smith, age 46.   Mr. Smith is Senior Vice-President and
Co-Director of Research of Millburn Ridgefield and The Millburn Corporation
and a partner of ShareInVest Research L.P.  He is responsible for the design,
testing and implementation of quantitative trading strategies, as well as for
planning and overseeing the computerized decision-support systems of the
firm.  He received a B.S. degree from the Massachusetts Institute of
Technology in 1974 and an M.S. degree from M.I.T. in 1975.  While at M.I.T. he
held several teaching and research positions in the computer science field and
participated in various projects relating to database management.  He joined
Millburn Ridgefield in 1975.
<PAGE>

     Malcolm H. Wiener, age 62.   Mr. Wiener is the founder and non-executive
Chairman of Millburn Ridgefield, The Millburn Corporation and ShareInVest
Research L.P., serves as an adviser to these entities and is a major investor
in funds managed by Millburn Ridgefield and ShareInVest Research L.P.  He does
not, however, have investment or operational authority or responsibility for
any of these entities or supervisory authority over their officers or
employees.  Mr. Wiener is also a Director of Millburn Ridgefield and The
Millburn Corporation.  Mr. Wiener graduated magna cum laude from Harvard
College in 1957, where his field of concentration was Economics and he was
elected to Phi Beta Kappa.  From 1957 to 1960 he served as an officer in the
United States Navy.  Mr. Wiener graduated from the Harvard Law School in 1963
and practiced law in New York City specializing in corporate law and financial
transactions until 1973.  Mr. Wiener began research on and the trading of
futures contracts pursuant to systematic trading methods and money management
principles in 1971 and the management on a full time basis of private funds in
this area in 1973.  He is the author of numerous papers on the history of
trade and is a member of the Council on Foreign Relations.  He serves on the
boards or visiting committees of various non-profit institutions including the
Kennedy School of Government and the Wiener Center for Social Policy at
Harvard University, the Harvard Art Museums, the Metropolitan Museum in New
York, the Museum of Fine Arts in Boston, the American School of Classical
Studies in Athens and the Council on Economic Priorities in New York.

Item 11.  Executive Compensation

     The Partnership has no directors or officers.  None of the directors or
officers of the General Partner receive "other compensation" from the
Partnership.  The General Partner makes all trading decisions on behalf of the
Partnership.  The General Partner receives monthly brokerage commissions of
0.6875 of 1% of the Net Assets (which is reduced to 0.52 of 1% of Net Assets
for Limited Partners who invest more than $1 million in the Partnership) and a
quarterly profit share of 17.5% of any new trading profit.

Item 12.  Security Ownership of Certain Beneficial Owners and Management

     (a)  Security ownership of certain beneficial owners

     The Partnership knows of no person who owns beneficially more than 5% of
the Units.  All of the Partnership's general partnership interest is held by
the General Partner.

     (b)  Security ownership of management
     Under the terms of the Limited Partnership Agreement, the Partnership's
affairs are managed by the General Partner, which has discretionary authority
over the Partnership's trading.  The General Partner's general partnership
interest was valued at $979,861 as of December 31, 1997, approximately 5.3% of
the Partnership's total equity, the equivalent of 669.53 Units.

     (c)  Changes in control

     None.
<PAGE>

Item 13.  Certain Relationships and Related Transactions

     See "Item 11.  Executive Compensation" and "Item 12.  Security Ownership
of Certain Beneficial Owners and Management."  The Partnership allocated to
the General Partner $1,566,165, $1,699,690, $2,123,253, $2,661,651 and
$2,781,660 in brokerage fees and $336,456,  $77,846, $450,987, $161 and
$183,503 in profit share for fiscal years 1997, 1996,  1995, 1994 and 1993,
respectively.  The General Partner's general partnership interest showed an
allocation of gain (loss) of $183,028, $128,677,  $179,937, $(2,417) and
$55,066 in fiscal years 1997, 1996, 1995, 1994 and 1993, respectively.

                          PART IV

Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K

     (a)(1)  Financial Statements

The following financial statements are included with the 1997 Report of
Independent Accountants, a copy of which is filed herewith as Exhibit 13.01.

                                                                 Page
          Report of Independent Accountants                      F-1
          Statements of Financial Condition as of
             December 31, 1997 and 1996                          F-2
          Statements of Operations for the years ended
             December 31, 1997, 1996 and 1995                    F-3
          Statements of Changes in Partners' Capital for the
             years ended December 31, 1997, 1996, and 1995       F-4
          Notes to Financial Statements                          F-5

     (a)(2)  Financial Statement Schedules

     All Schedules are omitted for the reason that they are not required, are
not applicable, because equivalent information has been included in the
financial statements or the notes thereto.
<PAGE>

     (a)(3)  Exhibits as required by Item 601 of Regulation S-K

          Designation  Description

          1.01         Form of Selling Agreement among the Partnership,
                          the General Partner and the Selling Agent.

          3.01         Limited Partnership Agreement of the Partnership
                          (included as Exhibit A to the Prospectus).

          3.02         Certificate of Limited Partnership of the Partnership.

          3.03         Amended and Restated Limited Partnership Agreement
                          (included as Exhibit A to the Prospectus).

          10.01        Form of Subscription Agreement and Power of Attorney.

          10.02        Form of Customer Agreement and Forward Dealer
                          Agreement among the Partnership, the General
                          Partner and the Selling Agent.

          10.03        Form of Customer Agreement and Forward Dealer
                          Agreement among the Partnership, the General
                          Partner and Morgan Stanley & Co. Incorporated

          10.04        Form of Customer Agreement and Forward Dealer
                          Agreement among the Partnership, the General
                          Partner and AIG Trading Corp.

          10.05        Escrow Agreement between the Partnership and
                          Chemical Bank, N.A.


     The above exhibits are incorporated herein by reference from Amendment
No. 1 to the Registration Statement (File No. 33-50388) filed on October 30,
1992 on Form S-1 under the Securities Act of 1933.

          13.01        1997 Report of Independent Accountants (filed herewith).

          27.01        Financial Data Schedule (filed herewith).


     (b)  Reports on Form 8-K

     No report on Form 8-K was filed by the Partnership during the quarter
ended December 31, 1997.

<PAGE>
                        SIGNATURES


     Pursuant to the requirements of Section 13 or 15(d) 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, in the City of
New York and State of New York on the 27th day of March, 1998.


                         THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

                         By:  Millburn Ridgefield Corporation,
                                 General Partner

                         By    /s/ Harvey Beker
                                       Harvey Beker
                                       President


     Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the General
Partner of the Registrant in the capacities and on the date indicated.

                          Title with
Signature                 General Partner                  Date

_______________________   Chairman and Director            March __, 1998
     Malcolm H. Wiener

/s/ Harvey Beker          President, Co-Chief              March 27, 1998
     Harvey Beker         Executive Officer and Director
                          (Principal Financial and
                           Accounting Officer)

/s/ George E. Crapple     Vice-Chairman, Co-Chief          March 27, 1998
     George E. Crapple    Executive Officer and Director
                          (Principal Executive Officer)

     (Being the principal executive officer, the principal financial and
accounting officer, and a majority of the directors of Millburn Ridgefield
Corporation)

Millburn Ridgefield Corporation            General Partner of Registrant
       March 27, 1998

By   /s/ Harvey Beker
       Harvey Beker
       President
<PAGE>
                               Exhibit 13.01

Coopers & Lybrand L.L.P.
a professional services firm



REPORT of INDEPENDENT ACCOUNTANTS

To the Partners of
The Millburn Global Opportunity Fund L.P.:

We have audited the accompanying statements of financial condition of
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P. (a limited partnership) as of
December 31, 1997 and 1996, and the related statements of operations and
changes in partners' capital for the years ended December 31, 1997, 1996
and 1995.  These financial statements are the responsibility of management
of the General Partner.  Our responsibility is to express an opinion on
these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free
of material misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation.  We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of The Millburn Global
Opportunity Fund L.P. as of December 31, 1997 and 1996, and the results of
its operations for the years ended December 31, 1997, 1996 and 1995, in
conformity with generally accepted accounting principles.


New York, New York
January 26, 1998.

                                      F-1
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

<TABLE>
Statements of Financial Condition
As of December 31, 1997 and 1996
<CAPTION>
                     ASSETS:                                        1997              1996
                                                               --------------    --------------
<S>                                                            <C>               <C>
Equity in trading accounts:
  Investments in U.S. Treasury bills - at value
   (amortized cost $3,821,293 at December 31, 1997
   and $4,953,056 at December 31, 1996) (Note 2)                $  3,821,293      $  4,953,056
  Options owned, at market value (cost $116,789 at
   December 31, 1997 and $328,683 at December 31, 1996)              160,575           468,434
  Net unrealized appreciation on open contracts                      484,001           944,195
  Cash                                                               362,797         1,045,256
                                                               --------------    --------------
                                                                   4,828,666         7,410,941
Investments in U.S. Treasury bills - at value
 (amortized cost $14,056,215 at December 31, 1997
 and $12,528,357 at December 31, 1996)                            14,056,215        12,528,357
Money market fund                                                    123,446           573,442
                                                               --------------    --------------

Total assets                                                    $ 19,008,327      $ 20,512,740
                                                               ==============    ==============

        LIABILITIES and PARTNERS' CAPITAL:

Due to managing owner                                           $      1,566      $     70,144
Accounts payable and accrued expenses                                 64,964            55,392
Redemptions payable to limited partners (Note 8)                     270,284           331,137
Accrued brokerage commissions                                        105,620           110,382
                                                               --------------    --------------
Total liabilities                                                    442,434           567,055
                                                               --------------    --------------

Partners' capital (Notes 3, 7 and 8):
General Partner                                                      979,861           796,833
Limited Partners, 12,016.382 and 14,590.625 Limited
 Partnership Units outstanding in 1997 and 1996, respectively     17,586,032        19,148,852
                                                               --------------    --------------

Total partners' capital                                           18,565,893        19,945,685
                                                               --------------    --------------

Total liabilities and partners' capital                         $ 19,008,327      $ 20,512,740
                                                               ==============    ==============
<FN>
See accompanying notes to financial statements.
</TABLE>
                                      F-2
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

<TABLE>
Statements of Operations
For the years ended December 31, 1997, 1996 and 1995
<CAPTION>
                                                                    1997              1996              1995
                                                               --------------    --------------    --------------
<S>                                                            <C>               <C>               <C>
Income  (Note 1):
  Net gains (losses) on trading of futures,
   forwards and option contracts:
    Realized gains (losses):
      Futures and forwards                                      $  3,868,718      $  1,648,557      $  5,956,183
      Options                                                        (49,945)          441,055           350,018
                                                               --------------    --------------    --------------
                                                                   3,818,773         2,089,612         6,306,201
    Change in unrealized appreciation (depreciation):
      Futures and forwards                                          (460,194)          617,041           340,026
      Options                                                        (95,965)           65,052           187,355
                                                               --------------    --------------    --------------

                                                                    (556,159)          682,093           527,381
                                                               --------------    --------------    --------------
                                                                   3,262,614         2,771,705         6,833,582

    Less, Brokerage fees (Note 3)                                  1,566,165         1,699,690         2,123,253
                                                               --------------    --------------    --------------
      Net realized and unrealized gains on trading of
       futures, forward and option contracts                       1,696,449         1,072,015         4,710,329

  Interest income                                                  1,066,041         1,041,439         1,526,442

  Foreign exchange gain (loss) on cash collateral                    (12,137)          (69,231)           70,217
                                                               --------------    --------------    --------------

      Total income                                                 2,750,353         2,044,223         6,306,988
                                                               --------------    --------------    --------------
Expenses (Note 1):
  Profit share (Note 3)                                              336,456            77,846           450,987

  Administrative expenses                                             98,335           110,646           108,295
                                                               --------------    --------------    --------------

                                                                     434,791           188,492           559,282
                                                               --------------    --------------    --------------

Net income                                                      $  2,315,562      $  1,855,731      $  5,747,706
                                                               ==============    ==============    ==============

Net income per Limited Partnership Unit (Note 8)                $     151.09      $     113.01      $     232.16
                                                               ==============    ==============    ==============
<FN>
See accompanying notes to financial statements.
</TABLE>
                                      F-3
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

<TABLE>
Statements of Changes in Partners' Capital
For the years ended December 31, 1997, 1996 and 1995
<CAPTION>
                                                              Limited Partners    General Partner          Total
                                                              ----------------    ----------------    ----------------
<S>                                                           <C>                 <C>                 <C>
Partners' capital at December 31, 1994                         $   24,474,595      $      488,219      $   24,962,814

Net income                                                          5,567,769             179,937           5,747,706

Redemptions (6,481.194 Limited Partnership Units)                  (7,466,959)                --           (7,466,959)
                                                              ----------------    ----------------    ----------------
Partners' capital at December 31, 1995                             22,575,405             668,156          23,243,561

Net income                                                          1,727,054             128,677           1,855,731

Redemptions (4,231.701 Limited Partnership Units)                  (5,153,607)                --           (5,153,607)
                                                              ----------------    ----------------    ----------------
Partners' capital at December 31, 1996                             19,148,852             796,833          19,945,685

Net income                                                          2,132,534             183,028           2,315,562

Redemptions (2,574.243 Limited Partnership Units)                  (3,695,354)                --           (3,695,354)
                                                              ----------------    ----------------    ----------------
Partners' capital at December 31, 1997                         $   17,586,032      $      979,861      $   18,565,893
                                                              ================    ================    ================
<FN>
See accompanying notes to financial statements.
</TABLE>
                                      F-4
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

Notes to Financial Statements

1.  Partnership Organization:

    Millburn Global Opportunity Fund L.P. (the "Partnership") was organized
    under the Delaware Revised Uniform Limited Partnership Act on July 9, 1992.
    The Partnership is engaged in speculative trading primarily in currency
    forward and futures contracts and related options and secondarily in
    financial futures.  The instruments that are traded by the Partnership are
    volatile and involve a high degree of risk.

    The General Partner has agreed to make additional capital contributions as
    General Partner so that its capital contributions to the Partnership will
    equal at least 1% of the total contributions to the Partnership.  There
    are 50,000 Limited Partnership Units ("Units") authorized.

    The General Partner and each limited partner share in the profits and
    losses of the Partnership, except for brokerage fees and profit-sharing
    allocation, on the basis of their proportionate interests of Partnership
    capital determined before brokerage fees and profit share (see Note 3),
    except that no limited partner shall be liable for obligations of the
    Partnership in excess of his initial capital contribution and profits,
    if any, net of distributions.

2.  Accounting Policies:

    a.  Investments

        Open options, futures and forward contracts are valued at market
        value.  Realized gain (loss) and changes in unrealized values on
        futures, forward and option contracts are recognized in the periods
        in which the contracts are closed or the changes occur, and are
        included in net gains on trading of futures, forward and option
        contracts.

        Investments in U.S. Treasury Bills are valued at cost plus amortized
        discount which closely approximates fair value.  Amortization of
        discount is reflected as interest income.

    b.  Foreign Currency Translation

        Assets and liabilities denominated in foreign currencies are translated
        at quoted prices of such currencies at year end.  Purchases and sales
        of investments are translated at the exchange rate prevailing when
        such transactions occurred.

    c.  Income Taxes

        Income taxes have not been provided, as each partner is individually
        liable for the taxes, if any, on his share of the Partnership's income
        and expenses.

                                   Continued
                                      F-5
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

Notes to Financial Statements, Continued

    d.  Estimates

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

    e.  Right of offset

        The customer agreements between the Partnership and brokers give the
        Partnership the legal right to net unrealized gains and losses.
        Unrealized gains and losses related to transactions with these brokers
        are reflected on a net basis in the equity in trading accounts in the
        statements of financial condition.

3.  Limited Partnership Agreement:

    The Limited Partnership Agreement provides that the General Partner shall
    control, conduct and manage the business of the Partnership, and may make
    all trading decisions for the Partnership.  The General Partner also pays
    from its own funds, selling commissions on all sales of Units.

    The Partnership will pay the General Partner brokerage fees equal to
    0.6875 of 1% (an 8.25% annual rate) of month-end Net Assets, as defined
    in the Limited Partnership Agreement, except those equal to the General
    Partner's partnership interest.

    The Partnership will deduct from each limited partner's capital account
    and add to the General Partner's capital account 17.5% of any New Trading
    Profit, as defined in the Limited Partnership Agreement, as of the end of
    each calendar quarter, based on the performance of the Partnership.

    The Partnership pays all routine legal, accounting, administrative,
    printing and similar costs associated with its operation, excluding any
    indirect expenses of the General Partner.

    The Partnership will terminate on December 31, 2022 or if its Net Assets
    decline to less than $250,000 or upon the occurrence of certain other
    events as defined in the Limited Partnership Agreement.

                                   Continued
                                      F-6
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

Notes to Financial Statements, Continued

4.  Trading Activities:

    All of the derivatives, owned by the Partnership, including options,
    futures and forwards, are held for trading purposes.  The results of the
    Partnership's trading activity are shown in the statement of income.  The
    fair value of the derivative financial instruments, at December 31, 1997
    and 1996 was $644,576 and $1,412,629, respectively, and the average fair
    value during the years then ended calculated on a monthly basis,
    approximated $861,367 and $1,338,744, respectively.

    At December 31, 1997 and 1996, cash and treasury bills, aggregating
    $4,184,090 and $5,998,312, respectively, included in the Partnership's
    equity in trading accounts were held in segregated accounts as required
    by U.S. Commodity Futures Trading Commission regulations.

5.  Derivative Instruments:

    The Partnership is party to financial instruments in the normal course
    of its business.  These instruments include forwards, futures and options,
    whose value is based upon an underlying asset, index, or reference rate,
    and generally represent future commitments to exchange currencies or cash
    flows, or to purchase or sell other financial instruments at specific
    terms at specified future dates.  These instruments may be traded on an
    exchange or over-the-counter.  Exchange traded instruments are standardized
    and include futures and certain options.  Each of these instruments is
    subject to various risks similar to those related to the underlying
    instruments including market and credit risk.

    Market risk is the potential change in the value of the financial
    instruments traded by the Partnership due to market changes, including
    interest and foreign exchange rate movements and fluctuations in commodity
    or security prices.  Market risk is directly impacted by the volatility
    and liquidity in the markets in which the related underlying assets are
    traded.

    Credit risk is the possibility that a loss my occur due to the failure of
    a counterparty to perform according to the terms of a contract.  Credit
    risk is normally reduced to the extent that an exchange or clearing
    organization acts as a counterparty to futures or options transactions,
    since typically the collective credit of the members of the exchange is
    pledged to support the financial integrity of the exchange.  In the case
    of over-the-counter transactions, the Partnership must rely solely on the
    credit of the individual counterparties.  The Partnership's risk of loss
    in the event of counterparty default is typically limited to the amounts
    recognized in the statement of financial condition, not to the contract or
    notional amounts of the instruments.

                                   Continued
                                      F-7
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

Notes to Financial Statements, Continued

6.  Open Derivative Instruments (Contracts) at December 31, 1997 and 1996:

<TABLE>
                                    December 31, 1997                   December 31, 1996
                                 Notional or Contractual             Notional or Contractual
                                  Amount of Commitments               Amount of Commitments
                              to Purchase         to Sell         to Purchase         to Sell
                            ---------------   ---------------   ---------------   ---------------
    <S>                     <C>               <C>               <C>               <C>
    Financial instruments    $  87,759,000     $  24,410,000     $  60,978,000     $  32,712,000
    Stock indices                  386,000         4,410,000        28,071,000         2,944,000
    Currencies*                  9,016,000        22,768,000        16,336,000        46,403,000
    Metals                             --          4,563,000         1,878,000         4,611,000
                            ---------------   ---------------   ---------------   ---------------
                             $  97,161,000     $  56,151,000     $ 107,263,000     $  86,670,000
                            ===============   ===============   ===============   ===============
<FN>
    *  Currencies include offsetting commitments to purchase and sell the same currency on the
       same date in the future.  These commitments are economically offsetting but are not, as
       a technical matter, offset in the forward market until the settlement date.
</TABLE>

    The notional or contractual amounts of these derivative instruments, while
    not recorded in the financial statements, reflect the extent of the
    Partnership's involvement in these instruments.

<TABLE>
                                      Notional or Contractual
                                      Amounts of Commitments                  Unrealized Gain
                                   to Purchase         to Sell            Gross              Net
                                 ---------------   ---------------   ---------------   ---------------
    <S>                          <C>               <C>               <C>               <C>
    December 31, 1997:
       Exchange traded            $  88,183,000     $  33,383,000     $     412,370     $     321,870
       Non-exchange traded            8,978,000        22,768,000           267,924           205,917
                                 ---------------   ---------------   ---------------   ---------------
                                  $  97,161,000     $  56,151,000     $     680,294     $     527,787
                                 ===============   ===============   ===============   ===============

    December 31, 1996:
       Exchange traded            $  91,287,000     $  40,267,000     $   1,002,133     $     946,073
       Non-exchange traded           15,976,000        46,403,000           749,616           137,873
                                 ---------------   ---------------   ---------------   ---------------
                                  $ 107,263,000     $  86,670,000     $   1,751,749     $   1,083,946
                                 ===============   ===============   ===============   ===============
</TABLE>

                                   Continued
                                      F-8
<PAGE>
THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

Notes to Financial Statements, Continued

7.  Redemptions:

    Units may be redeemed, at the option of any Limited Partner, as of the
    close of business on the last day of any month on ten days' prior notice
    to the General Partner, provided that no Units may be redeemed prior to
    the end of the third full calendar month after the sale of such Units.
    Redemptions are subject to early redemption charges of 4% and 3%,
    respectively, during the first two successive six-month periods following
    the sale of such Units and 1% during the subsequent twelve months.

8.  Net Asset Value per Unit:
<TABLE>
    Changes in net asset value per Unit during the years ended
    December 31, 1997, 1996 and 1995 were as follows:
<CAPTION>
                                                    1997                1996                1995
                                              ----------------    ----------------    ----------------
    <S>                                       <C>                 <C>                 <C>
    Net realized and unrealized
     gains on currency contracts               $       110.69      $        65.28      $       186.20
    Interest income                                     69.56               63.42               67.55
    Foreign exchange gain (loss)                        (0.79)              (4.22)               1.95
    Profit share expense                               (21.95)              (4.73)             (18.74)
    Administrative expenses                             (6.42)              (6.74)              (4.80)
                                              ----------------    ----------------    ----------------

       Increase for the year                           151.09              113.01              232.16

    Net asset value, beginning of year               1,312.41            1,199.40              967.24
                                              ----------------    ----------------    ----------------
       Net asset value, end of year            $     1,463.50      $     1,312.41      $     1,199.40
                                              ================    ================    ================
</TABLE>

                                      F-9