<ARTICLE> 5 <CIK> 0000841941 <NAME> SHEARSON HUTTON PERFORMANCE PARTNERS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,164,674 <SECURITIES> (15,571) <RECEIVABLES> 7,709 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,156,812 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,156,812 <CURRENT-LIABILITIES> 193,429 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 1,963,383 <TOTAL-LIABILITY-AND-EQUITY> 2,156,812 <SALES> 0 <TOTAL-REVENUES> (229,453) <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 23,633 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (253,086) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (253,086) <EPS-PRIMARY> (151.36) <EPS-DILUTED> 0