<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PROFUTURES
LONG/SHORT GROWTH FUND, L.P. STATEMENTS OF FINANCIAL CONDITION AND STATEMENTS OF
OPERATIONS FOR THE PERIOD ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                       2,383,550
<SECURITIES>                                11,426,604
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            12,833,654
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              12,833,654
<CURRENT-LIABILITIES>                           44,769
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  12,788,885
<TOTAL-LIABILITY-AND-EQUITY>                12,833,654
<SALES>                                              0
<TOTAL-REVENUES>                               865,316
<CGS>                                                0
<TOTAL-COSTS>                                  359,763
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                505,553
<INCOME-TAX>                                   505,553
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   505,553
<EPS-PRIMARY>                                   101.94
<EPS-DILUTED>                                   101.94