<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF CERES FUND LP FOR THE QUARTER ENDED JUNE 30, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                         215,768
<SECURITIES>                                 6,954,206
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             7,338,402
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               7,338,402
<CURRENT-LIABILITIES>                          116,790
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   7,221,612
<TOTAL-LIABILITY-AND-EQUITY>                 7,338,402
<SALES>                                        829,433
<TOTAL-REVENUES>                               829,433
<CGS>                                          635,045
<TOTAL-COSTS>                                  635,045
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                194,388
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            194,388
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   194,388
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0