<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Everest
Futures Fund, L.P. for the first quarter of 1997 and is qualified in its
entirety by reference to such 10-Q.
</LEGEND>
<CIK> 0000837919
<NAME> EVEREST FUTURES FUND L P
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1997
<CASH>                                      20,393,858
<SECURITIES>                                         0
<RECEIVABLES>                                   80,653
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            20,474,511
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              20,474,511
<CURRENT-LIABILITIES>                          521,617
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  19,952,894
<TOTAL-LIABILITY-AND-EQUITY>                20,474,511
<SALES>                                              0
<TOTAL-REVENUES>                               126,415
<CGS>                                                0
<TOTAL-COSTS>                                  156,630
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                               (30,215)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (30,215)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (30,215)
<EPS-PRIMARY>                                     8.17
<EPS-DILUTED>                                     8.17