<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF CERES FUND LP FOR THE QUARTER ENDED SEPTEMBER 30, 1998
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                         202,001
<SECURITIES>                                 6,995,492
<RECEIVABLES>                                    4,148
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             7,201,641
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               7,201,641
<CURRENT-LIABILITIES>                          109,270
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   7,092,371
<TOTAL-LIABILITY-AND-EQUITY>                 7,201,641
<SALES>                                        628,881
<TOTAL-REVENUES>                               892,811
<CGS>                                                0
<TOTAL-COSTS>                                  906,889
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (14,078)
<EPS-PRIMARY>                                    (0.76)
<EPS-DILUTED>                                        0